💥 British Chambers of Commerce hits out at Brexit customs checks that start tomorrow.

'A flat rate fee for bringing most animal and plant products into the UK is a hammer blow for small and medium sized importers,' says BCC head of trade policy William Bain

Value of R&D undertaken in the UK could in 2022 be about 22% higher in real terms than currently estimated, based on the findings of the Office for National Statistics (ONS) revamped Business Enterprise Research and Development Survey 👇

* corrected tweet, I initially said GFCF (🤦) ons.gov.uk/economy/grossd…

Ladies and gentlemen, I present you: independent financial regulation in the UK

EXCL: City Minister Bim Afolami told FS trade bodies last week that Rishi Sunak and Jeremy Hunt are 'fuming' at the FCA's 'name and shame' enforcement proposals.

POLITICOEurope was told Afolami suggested they write to the Chancellor about it, which they did on Friday.

Well that sure seems like a plan that's going to help reduce depression and anxiety.

My personal fave Chris Philp moment was the day after the mini-budget.

He declared all these economists and investors were wrong to say it was unfunded - and that page 27 would prove it.

It was a 'purely illustrative' GDP/tax calculator!

He was deputy finance minister.

Cheer up people.

It’s possible to have good as well as bad shocks. Here’s how things could work out better than expected for the next government
on.ft.com/3xZPwKy

goodo

There is nothing more journalist boomer than thinking that vague memories of terrible British Rail service in the 1980s will somehow sway voters who are frustrated with much worse privatised rail service in the 2020s.

lol
theguardian.com/culture/2024/a…

I’ve also been banging this drum - remember this the next time you see boasts about the government’s investment record 👇

Here’s one for the fiscal nerds:

In recent years, as much as one-fifth of all measured public investment was in fact student loans (the loans the government makes and doesn’t expect to get back). The headline numbers overstate how much ‘actual’ investment we’re doing.