Retired school librarian. Adult Human Female. Married 43 years โค ๐โโฌ ๐ ๐ฆ
Reform UK member ๐ฌ๐ง #IStandWithIsrael ๐ฎ๐ฑ
Irish blood, English heart! โ๏ธ
An honour to discuss my new book with Planet Normal this week.
It was nice to have an adult conversation without constantly being attacked as a racistโฆ
You can buy it now on Amazon: https://t.co/BfV0E8bisA
To all my followers - while I'll continue with my @Telegraph columns each week, the Planet Normal podcast and my "When The Facts Change" Substack, the @CPSThinkTank is my new day job.
Please watch this video and like/share the post below to help me spread the word.
Thanks, Liam
โThe fasten seat belts sign is onโ.
This is a message I received early this morning from one of the UKโs most experienced, savvy and respected financial traders. Someone I have come to know and trust for the last 25 years.
10-year bond yields are now almost 4.5pc - up some 50 basis points over the last month.
30-year yields this morning went above 6pc - a 28-year high.
Yet the UKโs political and media class continues to focus on party posturing and folksy rhetoric, ignoring the slow-motion disaster that has been happening on the UKโs sovereign bond markets for at least the last 18 months - a disaster that will inevitably, unless we drastically change course, turn into a fully blown market meltdown.
At that point, the UK government wonโt be able to borrow enough money to finance our already spiralling debt interest bill.
Britainโs financial management will be taken over by overseas technocrats - that will be the condition of additional borrowing, to maintain the basic functions of the state, as happened in Greece and Italy back in the early 2010s and here in Britain 50 years ago this year (when we were forced in 1976 to apply to the IMF for a bailout).
The austerity then imposed on Britain would make 2010-2019 feel like a picnic - far, far worse than it would be if we took serious action now to control our public finances.
Lower-income households would suffer most - and there would be serious damage done to the UKโs already rapidly-fraying social fabric โฆ.
I have been warning about these looking fiscal dangers publicly, in my newspaper columns and elsewhere, since at least early 2024.
Doing so hasnโt been easy or fun. I have been dismissed and derided by numerous economists, โeconomistsโ, officials and policymakers - as well as lots of journalists.
I absolutely donโt want a disastrous 1976-style outcome - which is why Iโve taken the blows and issued the warnings.
The state is too big. Public spending is out of control. Our fiscal rules are a convenient nonsense - designed to kick the can of financial reality into the future. We need to get real โฆ and take bold action to tame the growth of spending, push back a now totally over-bearing state and snap the British economy out of todayโs high-tax-high-borrowing-low-growth doom loop - the result of myopic, counter-productive policy-making by successive governments for the last decade and more โฆ
Other prominent economists who agree with me - ie who are financially-literate, can read a yield curve, have a passing interest in economic history and who understand the dangers of some 80pc of UK government borrowing going on debt interest as it currently is - need to chuck โcareer riskโ in the bin, and start saying publicly what so many of them have, for quite a while now, only had the bottle to say to me in private โฆ
Remember: โThe fasten seat belts sign is onโ
๐ค Happy National Black Dog Day! ๐ค
Today is all about celebrating beautiful black dogs everywhere.
Give the black dog in your life an extra cuddle from us today ๐พโค๏ธ
@AngelaR85388662 Good morning Ange, yes, goodbye to the last summer month ๐ข but here's hoping October is a good one for us all ๐ค. Hope you have a fabulous day ๐ xx ๐ ๐ ๐
โค๏ธ 32 people have joined The 300. We need 268 more to help close the gap rising costs are creating.
Join for just ยฃ1 a week ๐พ
Donorbox โฌ๏ธ
https://t.co/HHwxRYAArf
or โฌ๏ธ
https://t.co/aHip6s9GwW
@AngelaR85388662 Good morning Ange, that's exactly how I felt this morning ๐ฅด. Couldn't wake up! Hope the day gets better for us both ๐ค. Catch you later lovely ๐ xx ๐ ๐ ๐
I have been thinking about the "warm ale, pubs, and black Labradors" business and am finding it hard not to think of it all as a bucolic, quintessentially English paradise.
Add in village cricket, strawberries & scones at teatime and a pavilion cat and we are talking "heaven".
@AngelaR85388662 Good morning Ange, there's definitely a nip in the air. I've popped the heating on it's so chilly. Hope your coffee warms you up ๐. Have a great day xx ๐ ๐ ๐