Quantitative Easing and Quantitative Tightening. I hadn't seen this stat - wow.
neweconomybrief.net/the-digest/qua…
And now QT could cost the UK Treasury £110bn through 2025-2030.

Just re-upping this thread, in light of the report by Enrico Letta and the forthcoming Draghi report on 'European competitiveness'. The fears are misdirected.

There's been lots of talk about the Letta report's calls for consolidation in EU telecoms markets, which have been rightly rebutted by Margrethe Vestager, The Consumer Voice and others.

But that's just one symptom of a worrying pro-consolidation stance which permeates the whole document.

A short 🧵

On the Microsoft/OpenAI, the European Commission disappoints again.

Updating yesterday's story, with a new twist - an article from Foo Yun Chee at Reuters.

linkedin.com/pulse/ai-europ…

It’s worth clarifying a few things on the apparent divergence between Draghi/Letta (DL) and Margrethe Vestager on #telecoms #consolidation 🧵

- Everyone agrees that harmonisation across member states would be a great thing. Cross-market consolidation would not be opposed. Fine.

On AI, the European Commission disappoints (again)
linkedin.com/pulse/ai-europ…

I believe this framing of Europe's problem as one of lack of competitiveness (by Mario Draghi) might be helpful as a political rallying cry, but it is problematic from an economic standpoint. geopolitique.eu/en/2024/04/16/…. +

Today Enrico Letta presents his report on future of the #SingleMarket 🇪🇺

Letta wants 'a Single market with teeth' 🤔

This could limit regulatory space for governments and create major new hurdles for progressive social & environmental regulations 🚨

➡️ corporateeurope.org/en/2023/06/eu-…

Caution Enrico Letta
It is not useful to RT the trade rep of Google, Microsoft, Amazon etc.
Big Tech will view a new EU competitiveness agenda as a license for more undue consolidation, foreclosure of nascent competitors, and rent extraction.
Please tell them that it is not.

The EU economy is increasingly marked by high levels of concentration and we need a new economic agenda to tackle #monopoly power. Today, together with leading CSOs we published our election manifesto for the EU. somo.nl/rebalancing-eu…

1/12 Here is an update on my complaint against HMRC regarding the Channel Islands 1996 - 2012 VAT fiasco. After HMRC refused to respond to the complaint that I made to them directly I went to the Adjudicator.   The Adjudicator accepted my complaint in June of 2023.

At this rate, it will hit zero some time next month

John Christensen Prem Sikka Nicholas Shaxson Andreas Frank Paul Morjanoff

Private equity and offshore investors continue to extract millions of pounds from children’s homes and foster care, even as the cost of children’s social care pushes councils into bankruptcy. 🧵

How finance monopolises veterinary services, nurseries, care, funerals, and more. Starring private equity linkedin.com/pulse/how-fina… Vivek Kotecha (((Professor Atul K. Shah))) www.atulkshah.co.uk

Big Finance & Big Tech are merging & once complete 'Big Finance & Big Tech will have power over us on a scale never before seen in human history.' Damn, I need to read Brett Scott's book! @NickShaxson Balanced Economy Project writes on the monopolists' war on cash thecounterbalance.substack.com/p/the-monopoli…

Delighted to see that the @CMA has called bullshit on Vodafone UK - Three UK and their 'Mickey Mouse report' promising wonderful benefits from this 4 to 3 merger. linkedin.com/pulse/block-vo…
(Tks Max von Thun)

The monopoly war on cash. My wide-ranging interview with Brett Scott talking cash versus digital, bicycles versus Uber, monopoly money, and the far-right playacting solidarity with the working class
thecounterbalance.substack.com/p/the-monopoli…

Amanda Janoo 👀 Discover how global finance shapes our world and what we can do about it.

Nicholas Shaxson, author and expert on the global economic system, unravels the power of monopolies. greenpeace.org/international/…

SMEs: European digital markets are Big Tech's playground
linkedin.com/pulse/smes-eur… via LinkedIn