Yesterday's newspaper reported a major shift: "The OBR now thinks…net-zero will have a far more damaging impact on borrowing…"
In fact, the OBR had said the opposite!
1/6
Yesterday's newspaper reported a major shift: "The OBR now thinks…net-zero will have a far more damaging impact on borrowing…"
In fact, the OBR had said the opposite!
1/6
In fact, today's OBR release showsif they'd done the sums properly, they would have found a net *benefit* of approximately *£60 billion*.
archive.ph/az8g6
In fact, today's OBR release showsif they'd done the sums properly, they would have found a net *benefit* of approximately *£60 billion*.
archive.ph/az8g6
UK at or near bottom of the OECD investment league for 30 yrs.
Problem: City has short term horizons, direct state investment neutered.
China invests 40.4% of GDP in productive assets, India 30.5%, UK 18.2%, OECD average 23%.
Must abandon neoliberal constraints.
UK at or near bottom of the OECD investment league for 30 yrs.
Problem: City has short term horizons, direct state investment neutered.
China invests 40.4% of GDP in productive assets, India 30.5%, UK 18.2%, OECD average 23%.
Must abandon neoliberal constraints.
#OBR #Treasury #Budget25
www.disabilitynewsservice.com/watchdogs-si...
That resulted in them crashing the economy, which sent mortgages rocketing. They still haven't apologised.
That resulted in them crashing the economy, which sent mortgages rocketing. They still haven't apologised.
(and so on)
(and so on)
Voters remember only too well what happened when Liz Truss sidelined the financial watchdog
Don’t just like it, share it.
www.telegraph.co.uk/business/202...
Voters remember only too well what happened when Liz Truss sidelined the financial watchdog
Don’t just like it, share it.
www.telegraph.co.uk/business/202...
OBR obfuscates ministerial accountability.
Since 2010, it has presided over austerity and falling living standards.
Fiscal rules not accompanied by social objectives e.g. poverty reduction, full employment.
OBR obfuscates ministerial accountability.
Since 2010, it has presided over austerity and falling living standards.
Fiscal rules not accompanied by social objectives e.g. poverty reduction, full employment.
2 Horse Obr. 2025, 2x captured
2 Horse Obr. 2025, 2x captured
Recent evidence suggests the economic cost of Brexit may be approaching twice the 4% impact assumed by the OBR
Recent evidence suggests the economic cost of Brexit may be approaching twice the 4% impact assumed by the OBR