0.5% GDP by 2040: projected boost from post-Brexit trade deals.
4% GDP: OBR’s estimate of Brexit’s long-term cost.
6–8% GDP: research estimate of the UK’s shortfall by early 2025.
Brexit’s estimated GDP cost is 8–16 times the projected trade-deal gains.
End this economic self-harm. Rejoin the EU
4% GDP: OBR’s estimate of Brexit’s long-term cost.
6–8% GDP: research estimate of the UK’s shortfall by early 2025.
Brexit’s estimated GDP cost is 8–16 times the projected trade-deal gains.
End this economic self-harm. Rejoin the EU
November 1, 2026 at 4:12 PM
0.5% GDP by 2040: projected boost from post-Brexit trade deals.
4% GDP: OBR’s estimate of Brexit’s long-term cost.
6–8% GDP: research estimate of the UK’s shortfall by early 2025.
Brexit’s estimated GDP cost is 8–16 times the projected trade-deal gains.
End this economic self-harm. Rejoin the EU
4% GDP: OBR’s estimate of Brexit’s long-term cost.
6–8% GDP: research estimate of the UK’s shortfall by early 2025.
Brexit’s estimated GDP cost is 8–16 times the projected trade-deal gains.
End this economic self-harm. Rejoin the EU
Ah, yet another dodgy journalist using real value over decades rather than percentage of GDP, despite the latter being the better measure of affordability.
The cost of the NHS has increased massively in real value since 1990, but as a percentage of GDP not so much.
The cost of the NHS has increased massively in real value since 1990, but as a percentage of GDP not so much.
November 1, 2026 at 4:05 PM
Ah, yet another dodgy journalist using real value over decades rather than percentage of GDP, despite the latter being the better measure of affordability.
The cost of the NHS has increased massively in real value since 1990, but as a percentage of GDP not so much.
The cost of the NHS has increased massively in real value since 1990, but as a percentage of GDP not so much.
Welfare as a percentage of gdp
November 1, 2026 at 9:34 PM
Welfare as a percentage of gdp
FT journalist encounters economics for the first time, as he creates graph in £ rather than %GDP
Britain's welfare ratchet.
My column for @financialtimes.com. Political incentives, rising expectations on the state & deeper economic failings make the UK's benefits system hard to rein in.
as.ft.com/r/6975773d-1...
My column for @financialtimes.com. Political incentives, rising expectations on the state & deeper economic failings make the UK's benefits system hard to rein in.
as.ft.com/r/6975773d-1...
November 1, 2026 at 4:25 PM
FT journalist encounters economics for the first time, as he creates graph in £ rather than %GDP
Can you repost the graph showing it as a % of GDP?
November 1, 2026 at 3:31 PM
Can you repost the graph showing it as a % of GDP?
let’s give 10% of global gdp to people who don’t know anyone who has kids
i do actually notice that this group of people has accumulated influence and power at a rate similar to the rise of Islam
i think that this has made the shortcomings and failures of their theology into societal problems
i think that this has made the shortcomings and failures of their theology into societal problems
November 3, 2026 at 7:45 PM
let’s give 10% of global gdp to people who don’t know anyone who has kids
want to show this graph as a % of GDP?
November 1, 2026 at 4:33 PM
want to show this graph as a % of GDP?
that’s upwards of 20% of North Korean GDP
The binance hack is for more than $6 billion, people at TRM Labs and Chainalysis (big blockchain analysis companies) tell me. Far and away the biggest crypto theft in history. TRM saying it's North Korea. Others in the space who aren't saying that are also working w that assumption.
October 30, 2026 at 2:34 AM
that’s upwards of 20% of North Korean GDP
This really ought to be a % of GDP graph but it's worth noting that exponential growth in welfare state expenditures continued even as the economy stagnated.
Real GDP per capita has increased only slightly since 2008, and total real GDP is growing at a far slower rate than welfare expenditures.
Real GDP per capita has increased only slightly since 2008, and total real GDP is growing at a far slower rate than welfare expenditures.
Britain's welfare ratchet.
My column for @financialtimes.com. Political incentives, rising expectations on the state & deeper economic failings make the UK's benefits system hard to rein in.
as.ft.com/r/6975773d-1...
My column for @financialtimes.com. Political incentives, rising expectations on the state & deeper economic failings make the UK's benefits system hard to rein in.
as.ft.com/r/6975773d-1...
November 2, 2026 at 1:19 PM
This really ought to be a % of GDP graph but it's worth noting that exponential growth in welfare state expenditures continued even as the economy stagnated.
Real GDP per capita has increased only slightly since 2008, and total real GDP is growing at a far slower rate than welfare expenditures.
Real GDP per capita has increased only slightly since 2008, and total real GDP is growing at a far slower rate than welfare expenditures.
this is better than where most of your gdp is going at the moment
November 4, 2026 at 1:48 AM
this is better than where most of your gdp is going at the moment
pretty good day for North Korean GDP
❗️A $2.77 billion outflow from Binance hot wallets was detected across five blockchains.
There is no official confirmation of the hack yet.
There is no official confirmation of the hack yet.
October 29, 2026 at 8:59 PM
pretty good day for North Korean GDP
Danke an Herrn Kopelke #GdP für die richtige demokratische, rechtstaatliche Einordnung.
Es wäre schön gewesen, wenn dies schon letzte Woche so geäußert worden wäre.
Nach bundesweiten Gen-Z-Protesten: GdP-Chef Kopelke lobt Einsatzkräfte und friedliche Jugend - www.presseportal.de/pm/42541/638...
Es wäre schön gewesen, wenn dies schon letzte Woche so geäußert worden wäre.
Nach bundesweiten Gen-Z-Protesten: GdP-Chef Kopelke lobt Einsatzkräfte und friedliche Jugend - www.presseportal.de/pm/42541/638...
Nach bundesweiten Gen-Z-Protesten: GdP-Chef Kopelke lobt Einsatzkräfte und friedliche Jugend
Berlin, 1. November. Die Gewerkschaft der Polizei (GdP) dankt den Einsatzkräften für ihren Einsatz bei den bundesweiten Demonstrationen am Samstag und den teils schweren...
www.presseportal.de
November 1, 2026 at 3:55 PM
Danke an Herrn Kopelke #GdP für die richtige demokratische, rechtstaatliche Einordnung.
Es wäre schön gewesen, wenn dies schon letzte Woche so geäußert worden wäre.
Nach bundesweiten Gen-Z-Protesten: GdP-Chef Kopelke lobt Einsatzkräfte und friedliche Jugend - www.presseportal.de/pm/42541/638...
Es wäre schön gewesen, wenn dies schon letzte Woche so geäußert worden wäre.
Nach bundesweiten Gen-Z-Protesten: GdP-Chef Kopelke lobt Einsatzkräfte und friedliche Jugend - www.presseportal.de/pm/42541/638...
FT is a broad church.
For another take, see @chrisgiles.ft.com piece ‘No need for a moral panic about the welfare system’ feat. chart of welfare spend as % of GDP
www.ft.com/content/ee67...
For another take, see @chrisgiles.ft.com piece ‘No need for a moral panic about the welfare system’ feat. chart of welfare spend as % of GDP
www.ft.com/content/ee67...
November 1, 2026 at 6:15 PM
FT is a broad church.
For another take, see @chrisgiles.ft.com piece ‘No need for a moral panic about the welfare system’ feat. chart of welfare spend as % of GDP
www.ft.com/content/ee67...
For another take, see @chrisgiles.ft.com piece ‘No need for a moral panic about the welfare system’ feat. chart of welfare spend as % of GDP
www.ft.com/content/ee67...
Why are you posting £ rather than % of GDP?
Everything looks expensive given a long enough time horizon when using £...
Everything looks expensive given a long enough time horizon when using £...
November 1, 2026 at 3:30 PM
Why are you posting £ rather than % of GDP?
Everything looks expensive given a long enough time horizon when using £...
Everything looks expensive given a long enough time horizon when using £...
this is roughly the GDP of Fiji
I want to point out: Excluding financial crimes like accounting fraud or systematic state/military efforts like the sacking of cities or expropriation, this appears to be the most valuable single theft in the entirety of world history. gizmodo.com/binance-inve...
Binance Confirms at Least $6.3 Billion 'Impact' From Crypto Hack, Already the Largest in History
"Our security teams are reviewing all relevant information with urgency," the company said.
gizmodo.com
October 30, 2026 at 6:45 AM
this is roughly the GDP of Fiji
GDP grew at a 3.4% annual rate last quarter and most of that was IT equipment. My guess: not gaming rigs -- data centers. (with @svaneksmith) https://newsletter.platypuseconomics.com/p/our-jekyll-and-hyde-economy
November 2, 2026 at 8:25 PM
GDP grew at a 3.4% annual rate last quarter and most of that was IT equipment. My guess: not gaming rigs -- data centers. (with @svaneksmith) https://newsletter.platypuseconomics.com/p/our-jekyll-and-hyde-economy
crypto is a social technology that converts SV technocapital into GDP growth for the DPRK
October 29, 2026 at 9:22 PM
crypto is a social technology that converts SV technocapital into GDP growth for the DPRK
A massive loss for Aotearoa. #NzPol
Youth moving overseas will cost NZ $76b in GDP, say Greens
The Greens say a surge in young people moving overseas since 2023 will cost the country $76 billion in GDP, $40 billion in lost earnings and $6 billion in foregone net tax over the next four decades.
www.rnz.co.nz
November 2, 2026 at 7:13 AM
A massive loss for Aotearoa. #NzPol
Value of a human life is between $5 to $10 M.
500k dead = $5T
1500K injured = $3T (80% discount vs. death)
Cost of war = $8T plus $1T estimated cum. spend) = $9T
Total Russia GDP = $3T
Total Ukraine GDP = $0.3T
Cost = x3 of GDP to win a prize that is 10% of GDP.
This is why Russians are poor.
500k dead = $5T
1500K injured = $3T (80% discount vs. death)
Cost of war = $8T plus $1T estimated cum. spend) = $9T
Total Russia GDP = $3T
Total Ukraine GDP = $0.3T
Cost = x3 of GDP to win a prize that is 10% of GDP.
This is why Russians are poor.
November 2, 2026 at 7:22 PM
Value of a human life is between $5 to $10 M.
500k dead = $5T
1500K injured = $3T (80% discount vs. death)
Cost of war = $8T plus $1T estimated cum. spend) = $9T
Total Russia GDP = $3T
Total Ukraine GDP = $0.3T
Cost = x3 of GDP to win a prize that is 10% of GDP.
This is why Russians are poor.
500k dead = $5T
1500K injured = $3T (80% discount vs. death)
Cost of war = $8T plus $1T estimated cum. spend) = $9T
Total Russia GDP = $3T
Total Ukraine GDP = $0.3T
Cost = x3 of GDP to win a prize that is 10% of GDP.
This is why Russians are poor.
Elon has spent the GDP of Belgium on elections and gotten nothinga
November 4, 2026 at 1:39 PM
Elon has spent the GDP of Belgium on elections and gotten nothinga
Goldman tracks 2.2% Q4 GDP based on market trends.. 2027 US real GDP growth seen near 2.2% (consensus)
November 1, 2026 at 1:46 PM
Goldman tracks 2.2% Q4 GDP based on market trends.. 2027 US real GDP growth seen near 2.2% (consensus)
Hi Tej. One question: is this intentionally misleading, or do you really not understand why it is unhelpful to chart absolute figures rather than as a percentage of GDP?
Britain's welfare ratchet.
My column for @financialtimes.com. Political incentives, rising expectations on the state & deeper economic failings make the UK's benefits system hard to rein in.
as.ft.com/r/6975773d-1...
My column for @financialtimes.com. Political incentives, rising expectations on the state & deeper economic failings make the UK's benefits system hard to rein in.
as.ft.com/r/6975773d-1...
November 1, 2026 at 4:00 PM
Hi Tej. One question: is this intentionally misleading, or do you really not understand why it is unhelpful to chart absolute figures rather than as a percentage of GDP?
U.S. national debt reached 100% of GDP, and Washington yawned. Now what? 🔗 on.wsj.com/4kuJDez
November 3, 2026 at 1:09 AM
U.S. national debt reached 100% of GDP, and Washington yawned. Now what? 🔗 on.wsj.com/4kuJDez
Illinois GDP is $1.2T. 5th largest economy in the country.
November 2, 2026 at 1:05 PM
Illinois GDP is $1.2T. 5th largest economy in the country.