@stowspin791.bsky.social
Reposted
State support for UK banks
Bailouts: Govts found £1162bn (£133bn cash+£1,029bn guarantees) in 2008
£895bn QE
State is the lender of last resort
£85k bank deposit safety guarantee
PFI profits
£22bn a year interest on reserves deposited with Bank of England
Who else gets this level of state support?
Bailouts: Govts found £1162bn (£133bn cash+£1,029bn guarantees) in 2008
£895bn QE
State is the lender of last resort
£85k bank deposit safety guarantee
PFI profits
£22bn a year interest on reserves deposited with Bank of England
Who else gets this level of state support?
Why the banking industry is not a paragon of free markets, efficiency, or honesty
Despite making record profits and paying record returns to shareholders it resents paying taxes.
leftfootforward.org
October 31, 2025 at 8:53 PM
State support for UK banks
Bailouts: Govts found £1162bn (£133bn cash+£1,029bn guarantees) in 2008
£895bn QE
State is the lender of last resort
£85k bank deposit safety guarantee
PFI profits
£22bn a year interest on reserves deposited with Bank of England
Who else gets this level of state support?
Bailouts: Govts found £1162bn (£133bn cash+£1,029bn guarantees) in 2008
£895bn QE
State is the lender of last resort
£85k bank deposit safety guarantee
PFI profits
£22bn a year interest on reserves deposited with Bank of England
Who else gets this level of state support?
Reposted
The PCR positivity map is out, and UKHSA have finally deigned to describe covid activity as "medium".
UKHSA national positivity is 13.23%.
Adjusted for non-reporting we make it 15.27%.
jamestindall.info/skeuomorphol...
1/
UKHSA national positivity is 13.23%.
Adjusted for non-reporting we make it 15.27%.
jamestindall.info/skeuomorphol...
1/
October 9, 2025 at 6:23 PM
The PCR positivity map is out, and UKHSA have finally deigned to describe covid activity as "medium".
UKHSA national positivity is 13.23%.
Adjusted for non-reporting we make it 15.27%.
jamestindall.info/skeuomorphol...
1/
UKHSA national positivity is 13.23%.
Adjusted for non-reporting we make it 15.27%.
jamestindall.info/skeuomorphol...
1/
Reposted
Banksy satirised the state silencing those opposed to Israel’s genocide.
The state then inadvertently made his artwork genius.
The state then inadvertently made his artwork genius.
September 11, 2025 at 9:42 AM
Banksy satirised the state silencing those opposed to Israel’s genocide.
The state then inadvertently made his artwork genius.
The state then inadvertently made his artwork genius.
Reposted
Croydon network to get 24 trams in deal worth at least £50m insidecroydon.com/2025/06/25/c... #Croydon #TfL #Trams @abcommuters.bsky.social @christianwolmar.bsky.social @london.gov.uk
Croydon network to get 24 trams in deal worth at least £50m
EXCLUSIVE: After being stuck at a procurement red light for five years, Transport for London says it can now order a new fleet for the Tramlink system in south London. By JEREMY CLACKSON, transport…
insidecroydon.com
June 25, 2025 at 3:51 PM
Croydon network to get 24 trams in deal worth at least £50m insidecroydon.com/2025/06/25/c... #Croydon #TfL #Trams @abcommuters.bsky.social @christianwolmar.bsky.social @london.gov.uk
Reposted
The PCR positivity map is out, national positivity continues its stuttering rise to 6.32%, and the tale this week's data tells is *almost* a story of West v East.
jamestindall.info/skeuomorphol...
1/9
jamestindall.info/skeuomorphol...
1/9
June 12, 2025 at 7:04 PM
The PCR positivity map is out, national positivity continues its stuttering rise to 6.32%, and the tale this week's data tells is *almost* a story of West v East.
jamestindall.info/skeuomorphol...
1/9
jamestindall.info/skeuomorphol...
1/9
Reposted
A cheering read... www.theatlantic.com/ideas/archiv...
The Beauty That Moral Courage Creates
A lovely paradox of doing good in the world is that it does you good too.
www.theatlantic.com
May 23, 2025 at 2:32 PM
A cheering read... www.theatlantic.com/ideas/archiv...
Reposted
The Greens now have nearly 200 more councillors than Reform.
This is not something you'd be likely to guess from all the copiously salivating media coverage of Farage & his crew of billionaire-backed far-right chancers.
This is not something you'd be likely to guess from all the copiously salivating media coverage of Farage & his crew of billionaire-backed far-right chancers.
Another record year for the Green Party 👏
859 Councillors on 170 Councils in England & Wales
Now join us to keep Greens growing and to take the fight to Reform join.greenparty.org.uk
859 Councillors on 170 Councils in England & Wales
Now join us to keep Greens growing and to take the fight to Reform join.greenparty.org.uk
May 2, 2025 at 10:58 PM
The Greens now have nearly 200 more councillors than Reform.
This is not something you'd be likely to guess from all the copiously salivating media coverage of Farage & his crew of billionaire-backed far-right chancers.
This is not something you'd be likely to guess from all the copiously salivating media coverage of Farage & his crew of billionaire-backed far-right chancers.
Reposted
"I’m not sure Labour is listening as the people raising their dislike for cuts to winter fuel payments or disability benefit cuts weren’t urging them to go further and faster. They want Starmer to stop and U-turn"
My elections piece for @insidecroydon.bsky.social
insidecroydon.com/2025/05/02/i...
My elections piece for @insidecroydon.bsky.social
insidecroydon.com/2025/05/02/i...
It’s bad for Starmer’s Labour and worse for Badenoch’s Tories
ANDREW FISHER has had a busy couple of days, as the clip from LBC above demonstrates, as he has been keeping close watch on the local election results. Here, he considers what they might mean for C…
insidecroydon.com
May 3, 2025 at 7:39 AM
"I’m not sure Labour is listening as the people raising their dislike for cuts to winter fuel payments or disability benefit cuts weren’t urging them to go further and faster. They want Starmer to stop and U-turn"
My elections piece for @insidecroydon.bsky.social
insidecroydon.com/2025/05/02/i...
My elections piece for @insidecroydon.bsky.social
insidecroydon.com/2025/05/02/i...
Reposted
"Nurse! More poison!"
May 2, 2025 at 1:28 PM
"Nurse! More poison!"
Reposted
Ravel Reeves thinks she is facing an economic crisis. She’s wrong. She and Labour are facing a political crisis that demands that she spends. But will she realise that?
youtu.be/b6EEzOofQbM?...
youtu.be/b6EEzOofQbM?...
Reeves thinks she’s facing an economic crisis. She’s wrong. We have a political crisis.
YouTube video by Richard J Murphy
youtu.be
March 23, 2025 at 7:08 AM
Ravel Reeves thinks she is facing an economic crisis. She’s wrong. She and Labour are facing a political crisis that demands that she spends. But will she realise that?
youtu.be/b6EEzOofQbM?...
youtu.be/b6EEzOofQbM?...
Reposted
The UK benefits system is broken. One third of benefits are not paid and by far the biggest recipients of state aid are the wealthiest people in the country www.taxresearch.org.uk/Blog/2025/03...
The UK benefits system is broken. One third of benefits are not paid and by far the biggest recipients of state aid are the wealthiest people in the country
As the FT notes this morning:
Sir Keir Starmer has vowed to slash spending on Britain’s “broken” and “indefensible” health-related welfare system, which is costing the government £65bn a year and is o...
www.taxresearch.org.uk
March 16, 2025 at 8:07 AM
The UK benefits system is broken. One third of benefits are not paid and by far the biggest recipients of state aid are the wealthiest people in the country www.taxresearch.org.uk/Blog/2025/03...
Reposted
Information is always a good thing.
March 8, 2025 at 2:18 AM
Information is always a good thing.
Reposted
At last: a European has the courage to raise the forbidden Keynesian thesis: the slump in EU demand due to fiscal austerity ...explains the EU's (and UK's) lack of growth since the GFC. 👇🏼. Mario Draghi speaks truth to power. #econ
February 15, 2025 at 10:55 PM
At last: a European has the courage to raise the forbidden Keynesian thesis: the slump in EU demand due to fiscal austerity ...explains the EU's (and UK's) lack of growth since the GFC. 👇🏼. Mario Draghi speaks truth to power. #econ
Reposted
Salvatore Schillaci and Roberto Baggio 💫
February 14, 2025 at 11:34 AM
Salvatore Schillaci and Roberto Baggio 💫
Reposted
McKinsey strategy on living with Covid and returning to the office "not working" says McKinsey.
www.forbes.com/sites/philki...
www.forbes.com/sites/philki...
McKinsey On Return To Office: Leaders Are Focused On The Wrong Thing
New research from McKinsey suggests RTO is not helping organizational effectiveness. Leaders must stop obsessing over the where of work and start improving the how.
www.forbes.com
February 15, 2025 at 8:23 AM
McKinsey strategy on living with Covid and returning to the office "not working" says McKinsey.
www.forbes.com/sites/philki...
www.forbes.com/sites/philki...
Reposted
“This is the largest data breach and the largest IT security breach in our country’s history—at least that’s publicly known,” ... “You can’t un-ring this bell. Once these DOGE guys have access to these data systems, they can ostensibly do with it what they want.” www.theatlantic.com/technology/a...
The Government’s Computing Experts Say They Are Terrified
Four IT professionals lay out just how destructive Elon Musk’s incursion into the U.S. government could be.
www.theatlantic.com
February 7, 2025 at 6:53 PM
“This is the largest data breach and the largest IT security breach in our country’s history—at least that’s publicly known,” ... “You can’t un-ring this bell. Once these DOGE guys have access to these data systems, they can ostensibly do with it what they want.” www.theatlantic.com/technology/a...
Reposted
Bank of England wants to slash red tape on banks.
Translation - remove consumer rights, protections.
Already - Bank fraud compensation reduced to £85,000 from £415,000.
Capital requirements reduced.
Banker bonus cap abolished.
Guess who will bear the cost of bailouts?
archive.ph/7Uvj0
Translation - remove consumer rights, protections.
Already - Bank fraud compensation reduced to £85,000 from £415,000.
Capital requirements reduced.
Banker bonus cap abolished.
Guess who will bear the cost of bailouts?
archive.ph/7Uvj0
We’ll use Brexit freedom to slash red tape on banks, vows Bailey
Rules drawn up to prevent another global financial crisis may not be applied to smaller lenders
www.telegraph.co.uk
February 8, 2025 at 8:37 AM
Bank of England wants to slash red tape on banks.
Translation - remove consumer rights, protections.
Already - Bank fraud compensation reduced to £85,000 from £415,000.
Capital requirements reduced.
Banker bonus cap abolished.
Guess who will bear the cost of bailouts?
archive.ph/7Uvj0
Translation - remove consumer rights, protections.
Already - Bank fraud compensation reduced to £85,000 from £415,000.
Capital requirements reduced.
Banker bonus cap abolished.
Guess who will bear the cost of bailouts?
archive.ph/7Uvj0
Reposted
📽️We all know Donald Trump loves tariffs. But why, in particular, does he love the idea of tariffs on Mexico and Canada?
Here's a primer in less than 3 minutes!👇
youtu.be/iQ9JjK0cYt4?...
Here's a primer in less than 3 minutes!👇
youtu.be/iQ9JjK0cYt4?...
Trump's changed tack to focus tariffs on Mexico and Canada - why?
YouTube video by Sky News
youtu.be
February 2, 2025 at 2:52 PM
📽️We all know Donald Trump loves tariffs. But why, in particular, does he love the idea of tariffs on Mexico and Canada?
Here's a primer in less than 3 minutes!👇
youtu.be/iQ9JjK0cYt4?...
Here's a primer in less than 3 minutes!👇
youtu.be/iQ9JjK0cYt4?...
Dire migraine inducing
February 1, 2025 at 11:49 AM
Dire migraine inducing
Reposted
Rachel Reeves thinks people want deregulation, growth and big infrastructure from government, She’s wrong. They want government that works, better jobs and lower interest rates.
youtu.be/VVN_5hISUMU?...
youtu.be/VVN_5hISUMU?...
People want better government, better jobs, and lower interest rates
YouTube video by Richard J Murphy
youtu.be
January 29, 2025 at 7:05 AM
Rachel Reeves thinks people want deregulation, growth and big infrastructure from government, She’s wrong. They want government that works, better jobs and lower interest rates.
youtu.be/VVN_5hISUMU?...
youtu.be/VVN_5hISUMU?...
Reposted
✍️There's something SERIOUSLY exciting happening in the world of batteries: an innovation that could pave the way for incredibly energy-dense, fast-charging cells in our cars and smartphones.
But there's a catch; quite a big one.
A deep dive into silicon batteries🔋
open.substack.com/pub/edconway...
But there's a catch; quite a big one.
A deep dive into silicon batteries🔋
open.substack.com/pub/edconway...
The Technological Revolution that could Supercharge the World's Batteries
Silicon carbon batteries are a real game-changer. But they also have a big problem. To see why, you need to dive deep inside a battery. So let's do that.
open.substack.com
January 26, 2025 at 7:53 AM
✍️There's something SERIOUSLY exciting happening in the world of batteries: an innovation that could pave the way for incredibly energy-dense, fast-charging cells in our cars and smartphones.
But there's a catch; quite a big one.
A deep dive into silicon batteries🔋
open.substack.com/pub/edconway...
But there's a catch; quite a big one.
A deep dive into silicon batteries🔋
open.substack.com/pub/edconway...
Reposted
Yilmaz Akyuz - ex editor of UNCTAD's TDR.... first reminded economists of the 'Nixon Shock' in the 1990s. I remember huw puzzled many were at his remarks at an IMF meeting...The Nixon Shock was not named as such and as a critical event had effectively been buried by economists.
If you haven't seen it, this is an excellent time to watch Nixon's Nixon shock speech. (The entire speech is worth seeing, but skip to 8:48 for the gold window bit.)
youtu.be/0BVj2gT6CgI?...
youtu.be/0BVj2gT6CgI?...
President Nixon Address to the Nation Outlining a New Economic Policy: "The Challenge of Peace"
YouTube video by Richard Nixon Presidential Library
youtu.be
January 24, 2025 at 12:20 PM
Yilmaz Akyuz - ex editor of UNCTAD's TDR.... first reminded economists of the 'Nixon Shock' in the 1990s. I remember huw puzzled many were at his remarks at an IMF meeting...The Nixon Shock was not named as such and as a critical event had effectively been buried by economists.
Reposted
The catastrophe of Starmerism is paving the way for Nigel Farage.
New post 👇
www.owenjones.news/p/the-starme...
New post 👇
www.owenjones.news/p/the-starme...
January 24, 2025 at 6:58 PM
The catastrophe of Starmerism is paving the way for Nigel Farage.
New post 👇
www.owenjones.news/p/the-starme...
New post 👇
www.owenjones.news/p/the-starme...
Reposted
The Treasury has bowed to pressure from big business & pushed out Marcus Bokkerink from the CMA.
A competition regulator should be unpopular with incumbents - this shows it's doing its job. Without competive markets, Britain can forget about stronger productivity growth.
www.ft.com/content/7d1e...
A competition regulator should be unpopular with incumbents - this shows it's doing its job. Without competive markets, Britain can forget about stronger productivity growth.
www.ft.com/content/7d1e...
Ministers force out chair of UK’s competition regulator
Marcus Bokkerink replaced at CMA with government saying it wants pro-business decisions to drive prosperity and growth
www.ft.com
January 22, 2025 at 10:25 AM
The Treasury has bowed to pressure from big business & pushed out Marcus Bokkerink from the CMA.
A competition regulator should be unpopular with incumbents - this shows it's doing its job. Without competive markets, Britain can forget about stronger productivity growth.
www.ft.com/content/7d1e...
A competition regulator should be unpopular with incumbents - this shows it's doing its job. Without competive markets, Britain can forget about stronger productivity growth.
www.ft.com/content/7d1e...