ChrisPitt

Executive Producer, Bloomberg Radio. Leading Bloomberg's European radio coverage. Views are my own.

[Javier Blas @JavierBlas]

The oil is the money.

Even more so if Tehran can repatriate the funds.

The Qatari frozen money is nice-to-have, but at, say, $75 a barrel, Iran makes ~$175 million a DAY in oil export revenue. That's >$5 billion in just one month. That's the real money. Check for oil waivers.

[ChrisPitt @ChristophPitt]

@DanNeidle How much could you raise the VAT threshold by for small businesses for £5B. What do you think the net impact would be?

[Alex Wickham @alexwickham]

***EXCLUSIVE*** Andy Burnham fully rules out changing Rachel Reeves’ fiscal rules if he becomes PM

At the weekend his team had left it open whether he might change them in future

But tonight his spokesperson tells Bloomberg he is explicitly ruling out any changes to the existing fiscal rules

AND crucially Burnham is now also ruling out exempting defence spending from the fiscal rules to spend more on the military

He had floated that idea in a Bloomberg interview a few weeks ago but his spokesperson tonight says he won’t pursue it

This is a big attempt by Burnham’s campaign team to reassure markets who were spooked on Friday by his potential premiership

But it may risk disappointing some on the left who had hoped for a more radical fiscal policy

It may also mean tax rises are the likely main revenue raiser in the event Burnham wants to increase spending

[Joe Weisenthal @TheStalwart]

If semiconductor stocks keep trading like this...

[Alex Wickham @alexwickham]

EXCLUSIVE: Rachel Reeves interview with @MyStephanomics

— Says the UK won’t let trade terms with the US sway its position on Trump’s war in Iran.

— “You can’t make a decision about whether to get British armed forces involved in a conflict because it may or may not make it more likely to get a trade deal. We judged that there was not a legal basis for offensive action on Iran.”

— Warns the UK and the world likely faces an economic “shock” lasting months due to the war.

— Says the UK is in a “stronger position to be able to withstand the shocks, including the shock that we are likely to be responding to in the weeks and months ahead.”

— Vows she will do “everything in our power to protect businesses and and families in the UK” from the economic fallout.

Story by @Joe_Mayes >>> https://t.co/czemTEzqkf

[ChrisPitt @ChristophPitt]

@EdConwaySky Inca colaaaaa

[Good Growth Foundation @GoodGrowthFdn]

As featured in @Bloomberg by @philaldrick:

The Budget turmoil of recent weeks highlights a broken system. The OBR’s short-term forecasts dictate policy and sideline investment in skills, health & productivity.

Britain stays stuck in low growth as a result.

[Bloomberg @business]

The UK's OBR says it played no part in the budget tax U-turn that shocked markets https://t.co/HSEwDwy2YW

[Philip Aldrick @PhilAldrick]

Here’s our report on the odd timeline around the manifesto breaking income tax rise plans. Basically there was no improvement in the forecast to explain the decision to scrap the plan, because Reeves already had a better forecast than anybody expected

https://t.co/U4ZzsK4rRi

[Zoe Schneeweiss @ZSchneeweiss]

The UK's OBR says it played no part in the budget tax U-turn that shocked markets https://t.co/a0ts9FawGr via @PhilAldrick @chepker

[Ellen Milligan @EllenAMilligan]

Originally a Bloomberg scoop from @PhilAldrick @chepker!

The OBR's David Miles told Bloomberg Radio yesterday that Reeves had received the favourable forecast before her tax speech: https://t.co/RY0JhdCXb1

[Bloomberg @business]

As Trump rewrites trade rules, Asia is pushing back, putting $7.5 trillion in US assets and the dollar’s supremacy at risk.

🎧 Get the full story and the rest of the news you need to start your day on the latest edition of The Daybreak Europe Podcast https://t.co/unKRFANyJ9

[Joe Weisenthal @TheStalwart]

In 3 sessions, S&P 500 futures have plunged about 15%. That's a proper stock market crash.

[ChrisPitt @ChristophPitt]

@BenWallace70 hi Ben. Could you join us on Bloomberg Radio tomorrow morning with your thoughts on Ukraine?

[ChrisPitt @ChristophPitt]

🎙 EXCLUSIVE: @Nigel_Farage on Reform UK, Fiscal Policy, and UK-US Relations

On Bloomberg’s UK Politics podcast, Nigel Farage outlined his vision for Reform UK and praised @elonmusk as a “hero” for championing free speech.

Watch the full interview here: https://t.co/EvXG3iJM81

[ChrisPitt @ChristophPitt]

🌍 Here's Why Inflation Could Be A Bigger Problem In 2025 🌍

Inflation is falling, but uncertainty looms. Host Stephen Carroll and Bloomberg Opinion's Daniel Moss explores how central banks might navigate these challenges. https://t.co/ZaG78aEK5o

[Mohamed A. El-Erian @elerianm]

Europe’s September PMI’s are sending worrisome signals about growth prospects as fragile readings for services compound the continued weakness in manufacturing.

This theme is particularly relevant for Germany where the composite measure fell from August’s 48.4 to 47.2 due to weaker manufacturing (42.4 to 40.3) and services (51.2 to 50.3). Also of note, the new orders component fell from 39.6 to 37.2.

#economy #europe #markets #growth #econtwitter

[ChrisPitt @ChristophPitt]

Looking for a hot take podcast on the Rachel Reeves speech...you're in luck. @lizzzburden and @James_Woolcock have you covered with today's episode of the Bloomberg UK Politics Podcast: https://t.co/NxCToADZnu

[ChrisPitt @ChristophPitt]

@DanielMorain hi Dan. I run Bloomberg Radio's European operation. Would you be able to join us tonight at 2130 LA time for a zoom pre recorded interview on Kamala Harris

[Stephen Carroll @stephencrrll]

Well, this doesn’t happen every day. Honoured that our @BloombergRadio special was awarded the National Feature Reporting prize by @NYPressClub. Thanks to a great team @ChristophPitt @EamonFarhat @KatiaPorzo @jsyche @MikeCohen21
🎧 https://t.co/wwAmYHExxf