Nice dataviz from the ONS showing median wealth split by category at different points of the distribution: www.ons.gov.uk/peoplepopula...
November 27, 2025 at 9:48 PM
Really want to deregulate this mailing list.
My landlord evicted me during the pandemic. Anyway we both work in the same small industry that centres around a mailing list you basically have to be on to operate. Guess who's an admin. Guess who just applied to join. Guess who just got silently rejected.
November 27, 2025 at 7:24 PM
Really want to deregulate this mailing list.
The main issue with “just tax the rich” is that it means “appropriating wealth” rather than “appropriating income” (ie taxing everyone else). Ignoring any 2nd order consequences of this, it just represents a change in the ownership of assets, not in the flow of real resources.
November 27, 2025 at 4:44 PM
The main issue with “just tax the rich” is that it means “appropriating wealth” rather than “appropriating income” (ie taxing everyone else). Ignoring any 2nd order consequences of this, it just represents a change in the ownership of assets, not in the flow of real resources.
Reposted by TACJ
November 27, 2025 at 4:36 PM
On incompetence
Much of our political culture is fundamentally incompetent.
chrisdillow.substack.com/p/on-incompe...
Much of our political culture is fundamentally incompetent.
chrisdillow.substack.com/p/on-incompe...
On incompetence
Much of our political culture is fundamentally incompetent.
chrisdillow.substack.com
November 27, 2025 at 3:31 PM
On incompetence
Much of our political culture is fundamentally incompetent.
chrisdillow.substack.com/p/on-incompe...
Much of our political culture is fundamentally incompetent.
chrisdillow.substack.com/p/on-incompe...
Reposted by TACJ
Continues to be wild to me how few Labour MPs have absorbed that the Starmer-Reeves strategy is, and always has been “Plan A: Somehow the Major economy returned Plan B: Die”.
The tax rises in this Budget’s are backloaded.
They're largely kick in in what is likely to be a pre-election year, somewhat implausibly.
They're largely kick in in what is likely to be a pre-election year, somewhat implausibly.
November 27, 2025 at 12:43 PM
Continues to be wild to me how few Labour MPs have absorbed that the Starmer-Reeves strategy is, and always has been “Plan A: Somehow the Major economy returned Plan B: Die”.
Expertise, Government, the Media and Covid mainlymacro.blogspot.com/2025/11/expe...
Expertise, Government, the Media and Covid
It is now generally (although not universally) accepted that those of us who campaigned vigorously against the government’s auster...
mainlymacro.blogspot.com
November 27, 2025 at 1:56 PM
Expertise, Government, the Media and Covid mainlymacro.blogspot.com/2025/11/expe...
(It’s secretly all just energy consumption)
I look at this chart and I think maybe the late twentieth century was just unusual.
The most interesting OBR paper yesterday was the one that didn't leak - the justification for their productivity downgrade. There's a very important assumption in it that could make or break the government.
November 27, 2025 at 1:34 PM
(It’s secretly all just energy consumption)
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