Dennis Leech
@leechd.bsky.social
92 followers 240 following 20 posts
Quantitative Economist. Emeritus prof.
Posts Media Videos Starter Packs
Reposted by Dennis Leech
iipp-ucl.bsky.social
✍️Governments and businesses serve vastly different purposes.

IIPP Director @mazzucatom.bsky.social and Co-Deputy Director @rainerkattel.bsky.social expand on these key differences, arguing for public sector reform to focus on long-term capability building.

🔗Read more here: buff.ly/o02kLJZ
Reposted by Dennis Leech
flipchartrick.bsky.social
No politician dares to say this but eventually middle earners are going to have to pay more tax.
jdportes.bsky.social
Fantastic article by @tomcalver.bsky.social: not only is the UK not a high-tax country, taxes on *middle-income* earners are low by international standards.

If taxes are to rise - and they should - it can't/won't be just on "the rich".

www.thetimes.com/comment/colu...
Reposted by Dennis Leech
carolinelucas.bsky.social
Appeal Court *very slightly* reduces sentences on some of the 16 peaceful climate protesters, jailed for total of 41 years. This isn’t justice. People desperate for climate action to save lives treated like organised criminals, while big oil & gas get away with ecocide @defendourjuries.bsky.social
Just Stop Oil: Co-founder's sentence reduced in Court of Appeal
Sixteen climate protesters were jailed last year for their roles in Just Stop Oil demonstrations.
www.bbc.co.uk
Reposted by Dennis Leech
nadiawhittomemp.bsky.social
This January, global temperatures were a shocking 1.75°C above preindustrial levels, making it the hottest on record.

It is our moral duty to do everything we can to stop climate change in its tracks.

This is why the Heathrow expansion and Rosebank development cannot happen.
Reposted by Dennis Leech
carolinelucas.bsky.social
Speaking truth to power
nytimes.com
Bishop Mariann Edgar Budde, whose appeal to President Trump for mercy on behalf of immigrants and the LGBTQ community made headlines on Tuesday, was also critical of Trump during his first term.

Bishop Budde is the first woman to serve as the spiritual leader of the Episcopal Diocese of Washington.
Who Is Mariann Edgar Budde, the Bishop Who Made a Plea to Trump?
The first woman to serve as the spiritual leader of the Episcopal Diocese of Washington, Bishop Budde had a message for President Trump during his first term, too.
www.nytimes.com
Reposted by Dennis Leech
neweconomics.bsky.social
"These airports are funnels for UK cash to go overseas - I'd like to hear the rationale for how that generates growth benefits in the UK."

@alchap.bsky.social explains why airport expansions won't create the growth the chancellor wants
Reposted by Dennis Leech
declassifieduk.org
📽️ "The BBC is a mouthpiece of the British foreign policy establishment, not a public service broadcaster".

What the BBC is not telling you about Israel, Keir Starmer and Gaza

👉 Watch on YouTube: youtu.be/Q_n3Ng2JC-8?...
What the BBC will NOT tell you about Israel, Keir Starmer and Gaza
YouTube video by Declassified UK
youtu.be
Reposted by Dennis Leech
premnsikka.bsky.social
Tony Blair tells Brits to stop self-diagnosing with depression as 'UK can't afford spiralling benefits bill'.

Multi-millionaire declares war on the less well off.

Mental health problems caused by insecurity, poverty, lack of healthcare, mostly due to govt policies.
www.lbc.co.uk/news/tony-bl...
Tony Blair tells Brits to stop self-diagnosing with depression as 'UK can't afford spiralling benefits bill'
Tony Blair has warned British people against self-diagnosing with mental health conditions, pointing to the country's spiralling sickness benefits bill.
www.lbc.co.uk
Reposted by Dennis Leech
premnsikka.bsky.social
HMRC says it failed to collect around £500bn in tax since 2010. Others says £1,400bn.

£570bn held by UK residents in financial accounts in tax havens. Tax dodged.

Companies dodge taxes by profit shifting to low/no tax havens. No HMRC estimates.

Govts hit the poor, don't upset corporations/rich.
leechd.bsky.social
Here is the link to this very important, intelligent and morally empathic article by Israeli economics professors Ariel Rubinstein and Motty Perry that you can read without having to first go through the Haaretz paywall.

arielrubinstein.org/articles/Per...
leechd.bsky.social
I've just signed this petition. Will you add your name and share too?
Reposted by Dennis Leech
leechd.bsky.social
Keynes also said: “Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.”
leechd.bsky.social
This means the government is failing to prioritise dealing with what is an emerging crisis of future pensioner poverty. This is because millions of workers are in underfunded defined contribution schemes.

Gov are protecting short term profits before workers' living standards in retirement.
Rachel Reeves puts pensions review on hold to avoid extra burden on UK business
Some experts argue current savings rates will leave people without adequate retirement pots
www.ft.com
Reposted by Dennis Leech
premnsikka.bsky.social
Finance Curse

2023: £18.8bn raised in new shares on London Stock Exchange. Share buybacks £46.9bn

Major companies pay 70%+ of profits in dividends

UK ranks 28 among 31 OECD countries for investment in productive assets

Can't grow economy by indulging the City.
leftfootforward.org/2024/12/the-...
The government shouldn’t pin all of its hopes for economic growth on the finance industry
Such a strategy was tried in 1970s and came to grief in the mid-1970s secondary banking crash.
leftfootforward.org
Reposted by Dennis Leech
premnsikka.bsky.social
Wessex Water’s Malaysian owners under investigation for corruption

Won't happen in England, Govts protect companies

Wessex is serial offender, dumps sewage in rivers, paid £78m dividend last yr, £3bn debt; 47 criminal convictions; but no investigation.
democracyforsale.substack.com/p/revealed-w...
Revealed: Wessex Water’s Malaysian owners under investigation for corruption
Malaysian anti-corruption investigators have launched probe into YTL Power subsidiary over £700m public contract
democracyforsale.substack.com