EM Strategist

[Robert Colvile @rcolvile]

The best wealth tax is a massive increase in housebuilding.

-> Property is largest source of UK wealth
-> Most actually doable wealth taxes boil down to taxing property anyway
-> More supply = lower house prices = more people on ladder, lower cost of living, wealth democratised

[David Andolfatto @dandolfa]

My slide deck on Stablecoins, presented at the FRB Richmond in Dec 2025. Comments welcome!
https://t.co/T2SGHaVWET

[Quant Science @quantscience_]

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[Robert Colvile @rcolvile]

This is an excellent piece by David. The idea that Britain is massively right-wing really is Everything Derangement Syndrome. (Just look at the Budget!)

[Kristian Niemietz @K_Niemietz]

Egalitarian Britain

[Resolution Foundation @resfoundation]

In 2024, the UK had the lowest taxes on an average employee of any G7 country.

UK taxes for lower earners were also the lowest in the G7.

But the UK's position might change in 2025.

Read more 👉 https://t.co/aO6Iadpcbf

[Rupert Myers @RupertMyers]

Brilliant from Janan Ganesh in the FT on the almighty mess of our boring and inept PM and his hopelessly out of her depth chancellor

[Matt Goodwin @GoodwinMJ]

257,000 British people left Britain in 2024. This is the highest level since 1964, when records began.

We all know why.

[Tom Calver @TomHCalver]

Britain is a great country to be a low earner in, and a terrible country to be a high earner

[Mark Palmer @MarketPalmer_]

Opinion:

Give your kids their inheritance before you die.

Pay for their college.
Take them on vacations.
Pitch in for their wedding.
Help with their first home downpayment.

These are all life moments where money will go much further than when they're 50+ and already have a chunky savings account.

And as an added bonus, you get to see them enjoy the money this way.

[Natalie F Danelishen @Chesschick01]

This is actually how people react when I tell them I’m about to turn 39… and my oldest child will be 20 😂

I moisturize. Like seriously have a good skin care routine.

[Daniel Priestley @DanielPriestley]

If 50 year mortgages are introduced, you’d be wise to buy property with one.

They will cause such inflation on property values that you’ll need to buy property as a hedge.

The real play is not to worry about the payments or the loan or the insane amounts of interest. It is to assume that the government will recklessly inflate the value of houses and the debt will melt into irrelevance over time.

It’s not a risky bet, you’re simply trusting the government to do the exact wrong things.

[camilo @AscendedYield]

Deindustrialisation followed by definancialisation

💀

[Aleksandra Huk @HukAleksandra]

being a woman with traditional values these days means having wildly controversial opinions like: fathers matter, I want to raise my kids, cook for my husband and bake fresh bread. wild concept, I know

[Tom Calver @TomHCalver]

Is the minimum wage becoming too high?

Low hourly pay has been virtually eradicated. But Britain now has one of the highest minimums in the world – with strange consequences for everyone else…

1/6

[Spencer Hakimian @SpencerHakimian]

Your house is NOT an asset.

[Matthew Bowles @Matthew__Bowles]

The top 1% already pay about 30% of all tax receipts - more than the bottom half combined.

What’s a “fair share”, 40%, 60%, … 90%?

What happens when the wealthy start to disappear?

Wait, the exodus has already begun: one leaves every 45 mins since Labour took power…

[Mike Bird @Birdyword]

This chart is one that I'm amazed doesn't get more play, almost the only answer you need to the question of "how did Zohran get here."

NYC hourly wages have gone from 35% more than the US average to 20% more in 5 years, but NYC rents are 2x the average of the top 50 US cities.

[Matt Ridley @mattwridley]

It is truly one of the great wonders of the world that in the UK, government employees failed to improve their own productivity AT ALL during the period when the internet, the mobile phone, email, e-commerce etc etc were becoming ever more efficient. Staggering achievement.

[Steve Hou @stevehou]

One of my favorite economics papers. Fundamentally shaped the way I think about markets.

https://t.co/GlGx5UteFj