Reposted by TACJ
The average medieval peasant could not buy a gas station delta 9 gummy and watch “Scooter Fail Compilation 5” on YouTube, which makes it difficult to compare GDP across time
November 26, 2025 at 5:03 AM
The average medieval peasant could not buy a gas station delta 9 gummy and watch “Scooter Fail Compilation 5” on YouTube, which makes it difficult to compare GDP across time
Devolution Solution: How fixing English local government will improve economic growth www.centreforcities.org/publication/...
Devolution Solution - Centre for Cities
The devolution solution will fix English local government and improve economic growth. Read our proposed fiscally-neutral reforms.
www.centreforcities.org
November 26, 2025 at 4:36 PM
Devolution Solution: How fixing English local government will improve economic growth www.centreforcities.org/publication/...
How to fix income tax ifs.org.uk/articles/how...
How to fix income tax | Institute for Fiscal Studies
How the UK’s income tax system is poorly designed - and how reforms could make it fairer, simpler, and more efficient.
ifs.org.uk
November 26, 2025 at 4:15 PM
How to fix income tax ifs.org.uk/articles/how...
Reposted by TACJ
Though it's getting lots of attention, the extra tax on £2m+ houses will raise only £435m by 2030-31. Higher taxes on dividends will raise 3x as much, & taxes on salary sacrifice pension contributions will raise 5x as much. Political importance is not the same as macroeconomic significance.
November 26, 2025 at 2:42 PM
Though it's getting lots of attention, the extra tax on £2m+ houses will raise only £435m by 2030-31. Higher taxes on dividends will raise 3x as much, & taxes on salary sacrifice pension contributions will raise 5x as much. Political importance is not the same as macroeconomic significance.
Reposted by TACJ
Praise where praise is due: scrapping the two-child benefit cap is an excellent move. And the most consequential of any of the measures announced today.
November 26, 2025 at 2:10 PM
Praise where praise is due: scrapping the two-child benefit cap is an excellent move. And the most consequential of any of the measures announced today.
tfw you could devalue it by encouraging more housebuilding in your area #buildmorebloodyhouses
November 26, 2025 at 3:39 PM
tfw you could devalue it by encouraging more housebuilding in your area #buildmorebloodyhouses
Genuine question: are "wholesale profits" those of British-based companies, or are we talking about invading Norway?
"The cost of high energy bills must be tackled at source" Rachel Reeves says at #Budget2025
That means ENDING PRIVATISATION
That means ENDING PRIVATISATION
November 26, 2025 at 2:18 PM
Genuine question: are "wholesale profits" those of British-based companies, or are we talking about invading Norway?
Reposted by TACJ
Sensible decision. The Bonapartist menace still stalks the continent.
Big news, income tax is being charged this year.
(It has to be renewed each year or it ceases to apply. Because it's a temporary tax, introduced to fund the Napoleonic wars)
(It has to be renewed each year or it ceases to apply. Because it's a temporary tax, introduced to fund the Napoleonic wars)
November 26, 2025 at 1:47 PM
Sensible decision. The Bonapartist menace still stalks the continent.
Reposted by TACJ
I’m going to become the joker
November 26, 2025 at 1:01 PM
I’m going to become the joker
I did wonder if there was a way USians could just sort of check out of all this nonsense, and live like noble European savages.
Basically the Dril candles post with more maths
This is rightly getting a lot of opprobrium for good reasons, but the meta lesson here is that back of the envelope math and tech/finance guy self-regard is a great way to get engagement and also a bad way to learn true facts about the world
November 26, 2025 at 11:44 AM
I did wonder if there was a way USians could just sort of check out of all this nonsense, and live like noble European savages.
Reposted by TACJ
new favourite New York Times term for a British thing just dropped
November 26, 2025 at 10:05 AM
new favourite New York Times term for a British thing just dropped
Reposted by TACJ
You laughed at my bungee jumping but now you will OBEY
November 26, 2025 at 10:50 AM
You laughed at my bungee jumping but now you will OBEY
Reposted by TACJ
Reasonable chance that there's electoral reform before the next election driven by the on-the-ground fact of a five-party system (six in Scotland and Wales)
We are moving inexorably to the end point of electoral chaos - five parties all tied on 19% in the polls, election to be decided by blindfolded chimps chucking coloured darts at a constituency map
Westminster Voting Intention:
RFM: 25% (-2)
LAB: 19% (=)
CON: 18% (+1)
GRN: 16% (-1)
LDM: 15% (+2)
SNP: 3% (=)
Via @yougov.co.uk, 23-24 Nov.
Changes w/ 16-17 Nov.
RFM: 25% (-2)
LAB: 19% (=)
CON: 18% (+1)
GRN: 16% (-1)
LDM: 15% (+2)
SNP: 3% (=)
Via @yougov.co.uk, 23-24 Nov.
Changes w/ 16-17 Nov.
November 26, 2025 at 9:20 AM
Reasonable chance that there's electoral reform before the next election driven by the on-the-ground fact of a five-party system (six in Scotland and Wales)
Reposted by TACJ
tbh Polanski seems to have avoided most of the big MMT heffalump traps (allowing that "inflation doesn't go higher" was a misspeak), I'm relatively impressed at whoever's advising him.
November 25, 2025 at 11:55 AM
tbh Polanski seems to have avoided most of the big MMT heffalump traps (allowing that "inflation doesn't go higher" was a misspeak), I'm relatively impressed at whoever's advising him.
Reposted by TACJ
the average American cannot imagine the luxury of a Tesco Express.
November 24, 2025 at 4:04 PM
the average American cannot imagine the luxury of a Tesco Express.
The irony of writing this in The Times. Presumably decent folk only create content for a billionaire’s online platform if they’re paid to do so. 💅
‘People have realised that there is little to gain, & a huge amount to lose, by creating free content for a billionaire's online platform. All those monolithic platforms now have the air of deserted out-of-town malls built during a boom’
@mscaitlinmoran.bsky.social
www.thetimes.com/article/7e46...
@mscaitlinmoran.bsky.social
www.thetimes.com/article/7e46...
Social media is dead — none of my friends are posting any more
‘Everyone is scared that something they share might attract the attention of social media’s angry hordes, always ready to accuse on X, Facebook and Instagram’
www.thetimes.com
November 24, 2025 at 2:52 PM
The irony of writing this in The Times. Presumably decent folk only create content for a billionaire’s online platform if they’re paid to do so. 💅
UK is costliest country to build new nuclear power, government review warns on.ft.com/4p6S6EA UK is costliest country to build new nuclear power, government review warns
UK is costliest country to build new nuclear power, government review warns
Task force calls for super regulator to seize control of sprawling bureaucracy
on.ft.com
November 24, 2025 at 2:49 PM
UK is costliest country to build new nuclear power, government review warns on.ft.com/4p6S6EA UK is costliest country to build new nuclear power, government review warns
Reposted by TACJ
Honestly I don't care about the 'anti-bedtime left' or whatever the meme is this week because 'many people appreciate the fruits of public investment but are unenthusiastic about paying the necessary tax' is just the most basic tension you can have in a democratic society
November 24, 2025 at 1:49 PM
Honestly I don't care about the 'anti-bedtime left' or whatever the meme is this week because 'many people appreciate the fruits of public investment but are unenthusiastic about paying the necessary tax' is just the most basic tension you can have in a democratic society
Reposted by TACJ
Good FT summary by MalcolmMoore on @johnfingleton.bsky.social review of why nuclear is so expensive to build, and never gets built. Same is true for housing. Solution: Do fewer surveys, spend more on the environment and build more! www.ft.com/content/467b...
UK is costliest country to build new nuclear power, government review warns
Task force calls for super regulator to seize control of sprawling bureaucracy
www.ft.com
November 24, 2025 at 10:48 AM
Good FT summary by MalcolmMoore on @johnfingleton.bsky.social review of why nuclear is so expensive to build, and never gets built. Same is true for housing. Solution: Do fewer surveys, spend more on the environment and build more! www.ft.com/content/467b...
Reposted by TACJ
Not denying there's a problem but maybe two thirds of investment is large companies. The main source for investment is internal funds. And lower investment is only one of the causes of UK productivity weakness. So to leap from bank sme lending to the recent OBR downgrade in productivity is a stretch
November 24, 2025 at 9:48 AM
Not denying there's a problem but maybe two thirds of investment is large companies. The main source for investment is internal funds. And lower investment is only one of the causes of UK productivity weakness. So to leap from bank sme lending to the recent OBR downgrade in productivity is a stretch
Reposted by TACJ
"if small businesses cannot borrow, it is hard for them to spend. The resulting low levels of business investment have led to years of sub-par productivity growth"- on.ft.com/44sjWT4
Surprisingly simpleminded from Lex
A. Most business investment is large companies
B. Not dependent on loans... 1/
Surprisingly simpleminded from Lex
A. Most business investment is large companies
B. Not dependent on loans... 1/
Lex in depth: Could the banks revive Britain’s economy?
If the chancellor can find a way to solve the credit drought that small businesses face, the country’s prospects would get an important boost
on.ft.com
November 24, 2025 at 9:43 AM
"if small businesses cannot borrow, it is hard for them to spend. The resulting low levels of business investment have led to years of sub-par productivity growth"- on.ft.com/44sjWT4
Surprisingly simpleminded from Lex
A. Most business investment is large companies
B. Not dependent on loans... 1/
Surprisingly simpleminded from Lex
A. Most business investment is large companies
B. Not dependent on loans... 1/
Reposted by TACJ
Summarised all the Budget preview pieces to save you time:
Reeves was going to raise income tax but since the forecast is a bit better she won’t. Instead she’ll just do a bunch of tweaks and freezes that will annoy everyone and not leave her enough headroom to avoid the same thing next year. 1/2
Reeves was going to raise income tax but since the forecast is a bit better she won’t. Instead she’ll just do a bunch of tweaks and freezes that will annoy everyone and not leave her enough headroom to avoid the same thing next year. 1/2
November 23, 2025 at 11:18 PM
Summarised all the Budget preview pieces to save you time:
Reeves was going to raise income tax but since the forecast is a bit better she won’t. Instead she’ll just do a bunch of tweaks and freezes that will annoy everyone and not leave her enough headroom to avoid the same thing next year. 1/2
Reeves was going to raise income tax but since the forecast is a bit better she won’t. Instead she’ll just do a bunch of tweaks and freezes that will annoy everyone and not leave her enough headroom to avoid the same thing next year. 1/2
I note that the year 2025 marks the point in history when my parents finally stopped (technically still somehow legally) burning coal for heat and bought a heat pump
There are people in Maine burning coal for home heat
November 24, 2025 at 2:43 AM
I note that the year 2025 marks the point in history when my parents finally stopped (technically still somehow legally) burning coal for heat and bought a heat pump
It's incredibly based how modern cruise ships actually *are* basically unsinkable, and even if they did sink, modern technology and maritime conventions would minimise casualities.
Another victory for humanity.
Another victory for humanity.
November 24, 2025 at 2:41 AM
It's incredibly based how modern cruise ships actually *are* basically unsinkable, and even if they did sink, modern technology and maritime conventions would minimise casualities.
Another victory for humanity.
Another victory for humanity.
Fixed vs. marginal costs govern everything, once you start noticing.
i wonder how much of Americans' views on driving vs. transit would change if they had to pay for gas/insurance/etc every time they turned on the engine
"i'm not paying $5 to take the train to work twice a day when i can just drive" is a genuine opinion held by so many people
"i'm not paying $5 to take the train to work twice a day when i can just drive" is a genuine opinion held by so many people
November 24, 2025 at 2:40 AM
Fixed vs. marginal costs govern everything, once you start noticing.