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🧵 80 years ago today, newspapers in Europe carried news of the unexpected death of a very important man, in a hotel miles from the nearest city. A man who, said some, was helping the Allies win the war. But there was a twist to the tale. The man in question wasn't actually dead

Bretton Woods: bloodied, battered but still a huge international achievement 80 years on 👇🏼#BrettonWoods #80thanniversary theconversation.com/bretton-woods-…

Latest with Prof David Bailey on the challenges facing #UKsteelindustry 👇🏼 The past, present and uncertain future of the UK’s steel industry theconversation.com/the-past-prese… via The Conversation University of Bath School of Management University of Bath News IPR Regional Studies Association

👉 "This means an overt policy favouring British-sourced, low-carbon steel for the pipeline of the new government’s “green” infrastructure projects". 🧵 Read Prof David Bailey and Phil Tomlinson on the past, present and uncertain future of the UK’s steel industry. theconversation.com/the-past-prese…

New ⁦The Conversation⁩ piece + ⁦Phil Tomlinson⁩ on the past, present & uncertain future of UK steel industr ⁦Bham Business School⁩ ⁦UK in a Changing Europe⁩ ⁦Unite the union: join a union⁩ ⁦Make UK⁩ ⁦UK Steel⁩ ⁦Backbench Business Committee⁩ ⁦Department for Business and Trade⁩ theconversation.com/the-past-prese…

1. The shortfall exists only relative to invented & arbitrary fiscal rules. 2. There's no "reveal": the IFS warned of this before the election. theguardian.com/politics/artic…

Many backward societies sacrifice people to placate false gods. ft.com/content/b31060…

Investing in productive public infrastructure *improves* the public finances over the medium to long term. Cutting them to fill a "hole" caused by previous government's incompetence/dishonesty is just doubling down on failure. bbc.co.uk/news/articles/…

Another indictment of the UK's failure to invest in its future - make no mistake this was a policy choice A 🧵 telegraph.co.uk/business/2024/…

Maxed out credit cards, household analogies and black holes: Reeves and Starmer risk learning the wrong lesson from Osborne’s political strategy. My response to Reeves’ “fiscal hole” announcements — for LSE British Politics and Policy blogs.lse.ac.uk/politicsandpol…

Britain didn’t vote Labour just to get a new iron chancellor theguardian.com/business/artic…

Stokies in Finsbury Park! URESG Phil Tomlinson martin jones Julie Ratcliffe

This is of course silly. If we cannot afford to pay gilt holders the 1% real rate they charge, then we cannot afford the higher rates private finance will charge. As someone said, if we can't afford it we can't do it. theguardian.com/business/artic…

My letter in today's Guardian: theguardian.com/education/arti…

New paper out now with Charles Abbott: Smart specialisation is very much a bottom-up policy process, yet the EU introduced it by way of a top-down approach to policy transfer - ex-ante conditionality. How did this shape its implementation? 🧵 tandfonline.com/doi/full/10.10… Policies for Smart Specialisation

I hugely enjoyed reading and reviewing "Inside Thatcher’s Monetarism Experiment", by Tim Lankester on.ft.com/3X8CggQ and it reminded me: we too often see politicians of the past as serious, grown up etc - but often their actual behaviour was almost clownish ...1/

To paraphrase Thomas Sowell, the first law of economics is about trade-offs, whereas the first law of politics is to disregard the first law of economics 👇🏼

Part of the job of a progressive government is to shift the public narrative towards the idea that the state can improve people's lives. Pretending the govt budget is like a households', as in this economically illiterate video, reinforces the idea that it can't.

No, there would *not* have been a run on the pound if the government had decided against freezing a few more pensioners to death this winter. It’s £1.4bn from a budget of £1,200bn. This argument is the same foolishness Nick Clegg fell for back in 2010 to justify austerity 1.0.

my guardian column on austerity and why it is a terrible idea Richard Murphy agrees... theguardian.com/commentisfree/…