Good overview of current chaos within UK govt > no focus at all on trying to deal with the giant fiscal deficit

Crazy to be basing current year budget policy on highly uncertain longer term productivity growth estimates

3/4 But that is ok, as Armstrong explained … Having an out-of-consensus view on the committee is a good thing: intellectual diversity sharpens minds and improves decision-making. But it places a burden on the outlier to explain themselves. —- The Fed needs more

Good overview of the issues with pharma tariffs and tax

The U.S. economic boom rolls on….

more indications re where UK budget in november is going

The story of Tom Brown, the retired engineer that became 'apple hunter', rescuing over 1,000 'lost' varieties in the last 25 years Retired chemical engineer, he began his quest to find and preserve lost apple varieties around more than 25 years ago. The man who owns an apple

Hence the direction of travel is likely to be grads from the UK heading to take opportunities in Europe.

It’s very telling that those who inhabit the Westminster bubble only ever see the ability to move between the UK and EU to work in terms of migration into the UK -> never the opportunity for young people in the UK to work and gain experience in the many faster growing and less

Back in the real world UK inflation is almost double target and rising

Inflation still too high in the UK

Essential read 🙏

🏆 "We shall not be moved!" Hearts fans celebrate their dramatic derby victory over Hibs at Tynecastle ⤵️

“But democracy requires giving those charged with representing us the power to prioritise conflicting interests.” x.com/simonmontefior…

Retweet if you believe Donald J. Trump deserves the Nobel Peace Prize.

Waverley steams under Tower Bridge and enters the Upper Pool of London after sailing all the way from Ipswich (Friday 10th October). Doesn’t she look and sound fantastic as she lets London know she’s arriving! Tower Bridge #london #waverley #waverleyexcursions #thamesriver

The US tariff on China is back to 150%. When this last happened in April, China devalued the RMB, which put devaluation pressure on EM FX. EM central banks sold Treasuries, destabilizing the Treasury market. That caused the US to capitulate. Trump brought China tariffs back down.

Very interesting overview of UK geopolitical realities here

Definitely not escalatory ... (serious point is that this tweet and some of the material in the WSJ story suggest that the US is now trying to be a bit more targeted in its efforts to generate economic leverage v China)

“How on earth are you supposed to fund growth… when we’re snookered by process, by planning, by endless consultation” Columnist Matthew Syed says the UK is “paralysed” and needs infrastructure and growth to “get the tax revenue” to fund improved public services #bbcqt