"In the UK, these fiscal events have unfortunately become a scramble over how to fix a short-term, arbitrarily determined, so-called 'fiscal black hole." @jayasood.bsky.social on the upcoming autumn budget in @politicshome.bsky.social www.politicshome.com/news/article...

UK 30y gilt yields hit 5.7% yesterday - the highest in G7. Even the US borrows cheaper after firing a Fed governor. Yields are rising everywhere, but why are UK bonds being punished so harshly & what does it mean for the Autumn Budget? www.theguardian.com/business/202...

Food prices drove yesterday's unexpected rise in inflation. But why are our groceries getting more expensive? NEF's @jayasood.bsky.social explains on @skynewsrss.bsky.social

Information published today shows the Treasury sent the Bank of England £40 billion last year. That's more than the entire budget of the Department for Transport. And where does this money ultimately end up? Lining the pockets of commercial banks.

Here is another solution to stop the harms of extreme wealth in the UK. And with an upcoming Autumn Budget, Rachel Reeves and Keir Starmer can put it to action. We need a problem solving approach to UK policy. #extremewealth

The harsh reality is this government will never deliver meaningful growth if it sticks to its current economic dogma. @jayasood.bsky.social responds to today's GDP figures.

This sluggish growth story is getting old. Blaming specific policy measures like NICs, or global uncertainty that is out of our hands, doesn't cut it. Our governing economic institutions, that set the tone for how our economy functions, are failing. They need a serious re-think 1/5 bit.ly/3V1JZeO

OBR's new Fiscal Risks and Sustainability Report out today: obr.uk/frs/fiscal-r... -- what's the verdict on climate impacts on UK debt? 1/6

NEF's Head of Economics and Environment @chaitanyakumar.bsky.social spoke to the Treasury Committee about the #NationalWealthFund. Here he addresses the question "How does the level of British public investment compare to other peer nations?" Listen in full: www.parliamentlive.tv/Event/Index/...

Scrapping stealth subsidies to banks to release children from poverty: Gordon Brown plan includes NEF proposal for raising £3bn from tiered reserves. This would reduce the interest the Bank of England pays on commercial reserves - money which could go to improving kids' lives.

🧵New polling from @investinbritain.bsky.social by @survation.bsky.social reveals a majority of Labour MPs want the Chancellor to change course on fiscal policy. 1/8 thetimes.com/article/6448...

Yesterday's UK government borrowing figures for April were actually £3.5bn below the OBR’s forecast, yet media coverage focused on the fact that the figure was slightly higher than the forecasts of “city economists”. This is not a cause for alarm. obr.uk

"It’s a mistake to think that mature technologies are out of the woods, or that markets alone will deliver them at the pace and scale required" @jayasood.bsky.social , senior economist ‪@neweconomics.bsky.social , makes the case for renewed public financing for mature tech like wind and solar:

"I think there's a really big danger here that the Bank of England looks at these figures and decides to hold interest rates." @jayasood.bsky.social explains why holding interest rates in response to today's inflation stats would be bad for people and the economy

Excited to be kicking off our event in Brussels! We'll be discussing the case for monetary-fiscal co-ordination in this new age of economic shocks. Follow this thread to find out what our great line up of speakers (including MPC member Swati Dhingra) have to say👇

Touched down in Brussels for @neweconomics.bsky.social monetary-fiscal coordination event featuring Swati Dhingra & Hans Stegeman 🥳

The biggest review of pensions in a generation is underway. We're want: 💷 Decent pensions for all. ☀️ A just transition to a thriving low-carbon economy. 🚫 A phase-out of funding for fossil fuels, deforestation and other harmful industries. Sign now: to.350.org/pensions

We're no longer in a world where crises are the exception to the rule -- Trump's impending tariffs are just another blow. The good news is we have the tools to navigate this -- NEF's monetary- fiscal coordination framework explains how 👇🏽👇🏽 Wrote about this with Dom: neweconomics.org/2025/04/when...

Now more than ever, the UK needs an ambitious plan to scale up investment in the just green transition: pensions reform allied to a scaled up, effective National Wealth Fund are major tools to do the job. My new Op Ed in NZI: www.netzeroinvestor.net/news-and-vie... @jayasood.bsky.social

Excited to share a new @neweconomics.bsky.social arguing that deliberate monetary-fiscal coordination could help central banks manage inflation more effectively while enabling greater investment towards economic goals Our paper categorises different policy tools for different inflation scenarios

The National Wealth Fund has major potential boost the UK's dismal investment levels - but has so far been underutilised. @theoharris.bsky.social & argue that Labour must position the NWF as a proactive, market-leading institution, with enough financial firepower to have impact.

This, from a DWP press release yesterday (gov.uk/government/n...), is outrageous In two short paragraphs it peddles multiple falsehoods about the current system that will be used to justify upcoming cuts & changes Here's what MPs & journalists should be challenging... 🧵

Inflation is a lazy excuse - it's time for the Bank of England to cut interest rates. @jayasood.bsky.social writes for @lbc.co.uk www.lbc.co.uk/opinion/view...

🚨NEW: The Treasury is on track to hand the Bank of England £130bn in the next five years as part of a stealth subsidy to bankers. This is money that should be spent on reviving our public services or building much needed social homes.

As the Chancellor reaches for growth there's one place she won't find it - OBR forecasts. OBR multipliers devalue public spending and keep us in a doom-loop of austerity Our new report offers a framework that flexibly embraces the positive potential of public spending

⚡️A rapid green transition is essential for price and financial stability. 📣That's why we've joined with 40+ other organisations to call on @ecb.europa.eu to rethink its climate and nature approach and support the green transition.

NEW: How much wealth is too much?🤔 In partnership with @patrioticmillionaires.org we've published a new report exploring the case for an Extreme Wealth Line. We spoke to politicians, policy makers and millionaires to get their thoughts on the concept - here's some of what we found.