MMTUK Policy Research Group

The UK's first MMT policy organisation. Evidence-based research on how government spending really works. Briefings for policymakers, analysis for everyone.

[MMTUK Policy Research Group @MMTUK_PRG]

.@guardian editorial today: nationalise Rough storage, levy gas exports to retain domestic supply, move electricity off gas-indexed pricing. @PatriciaNPino's paper for @Cmmonwealth sets out what @Ed_Miliband can still do before winter. #UKEnergy
https://t.co/xBVlHt4XtV

[Patricia @PatriciaNPino]

@ChrisPacia @AusMMT Frictional unemployment killer.

https://t.co/q4rOUDEeDI

[MMTUK Policy Research Group @MMTUK_PRG]

The ban misses the real problem. You can't solve precarity by haggling over hours. A Job Guarantee at a living wage ends it: work when you want, paid fairly, no boss's whim. That's actual security.

#JobGuarantee #UKEconomy

https://t.co/UgcFb99GZt

[MMTUK Policy Research Group @MMTUK_PRG]

Student debt isn't a funding mechanism , it's a policy choice to make young people pay for public goods. The real scandal: the UK taxes graduates to fund pensions instead of using fiscal space.

#JobGuarantee #UKEconomy

https://t.co/mGvBSboYzF

[MMTUK Policy Research Group @MMTUK_PRG]

OBR forecasts within the loanable-funds straitjacket. Four research areas , zero mention of sectoral balances, Job Guarantee buffer-stock, or why unemployment anchors inflation.

#JobGuarantee #UKEconomy

https://t.co/45M4Se1uAS

[MMTUK Policy Research Group @MMTUK_PRG]

Exports cost us real goods and labour. Imports bring us real consumption and investment. Yet orthodox politics chases trade surpluses. We've got the accounting backwards.

#MMT #JobGuarantee #UKEconomy

https://t.co/kGydJTusH1

[MMTUK Policy Research Group @MMTUK_PRG]

The BoE writes letters to the Chancellor when inflation misses target. But who set the target? Who chose the policy tool? A Job Guarantee anchors prices at the wage floor. Letters are theatre.

#JobGuarantee #UKEconomy

https://t.co/lHfezWaO7c

[MMTUK Policy Research Group @MMTUK_PRG]

Interest rates aren't set by markets discovering scarcity. The BoE chose 3.75%. It always chooses. The question is: why maintain unemployment as a price anchor when a Job Guarantee would anchor prices at

#JobGuarantee #UKEconomy

https://t.co/2v2dYXh0d7

[MMTUK Policy Research Group @MMTUK_PRG]

Green jobs exist. Good. But the framing treats them as scarce gifts from markets, not policy choices. A currency issuer can guarantee jobs in any sector: green, care, infrastructure.

#JobGuarantee #UKEconomy

https://t.co/BW6Ek9BJCl

[MMTUK Policy Research Group @MMTUK_PRG]

The national debt is not a burden on future generations. It is the stock of money the private sector chose to hold rather than spend. Paying it off would mean destroying that money.

#MMT #JobGuarantee #UKEconomy

https://t.co/ULPYz22KaY

[MMTUK Policy Research Group @MMTUK_PRG]

"If one million young people cannot find a job, education, or training, the solution is obvious: have the central government fund organisations that can offer them one. But policymakers cannot comprehend an answer that does not rely on the 'market' to solve all the problems."

[William Thomson @Williamgallus]

Last week's UK Govt report, "Young people and work", opens with as stark a comment as one could imagine: "Nearly 1 million young people (16 to 24) in the UK are not in education, employment or training. 1 in 8 young people." What's the answer? 1/6 https://t.co/W43EzG0piG

[MMTUK Policy Research Group @MMTUK_PRG]

Bond markets don't set fiscal policy for a currency issuer. The UK issues pounds. It cannot run out. When politicians propose funding the NHS properly.

#MMT #JobGuarantee #UKEconomy

https://t.co/3UweaFQ7fz

[MMTUK Policy Research Group @MMTUK_PRG]

OBR celebrates £132bn borrowing as "in line with forecast". But borrowing is just government money creation.

#JobGuarantee #UKEconomy

https://t.co/X74er7fxpb

[MMTUK Policy Research Group @MMTUK_PRG]

(5/5) 20 June, Brighton. Register and join us for a conversation about moving from austerity to resilience.

https://t.co/IaLi1UqOF7

[MMTUK Policy Research Group @MMTUK_PRG]

(1/5) Can a government really afford public investment? Or is that the wrong question? Patricia Pino, MMTUK's Executive Director, tackles this on 20 June in Brighton.

#MMT #JobGuarantee #UKEconomy

[MMTUK Policy Research Group @MMTUK_PRG]

(4/5) Open to newcomers. No economics background needed. The afternoon is built around what wins politically. A full day of rigorous, accessible thinking on the economy we could build.

[MMTUK Policy Research Group @MMTUK_PRG]

NI cuts won't hire anyone. You can't incentivise employment by making labour cheaper when the real constraint is demand. A Job Guarantee at a living wage actually works.

#JobGuarantee #UKEconomy

https://t.co/a2IADfTp9o

[MMTUK Policy Research Group @MMTUK_PRG]

"Scarcity of work opportunities" is backwards. The UK issues its own currency. Work scarcity is a policy choice, not a shortage. A Job Guarantee at living wage ends youth homelessness tomorrow.

#JobGuarantee #UKEconomy

https://t.co/Jsq1WxmyPI

[MMTUK Policy Research Group @MMTUK_PRG]

The UK is a currency issuer. It cannot run out of pounds any more than a football team can run out of goals. So when politicians ask "how will we afford it", they are asking the wrong question.

#MMT #JobGuarantee #UKEconomy