Abhijay Sood

Economist at New Economics Foundation

[Abhijay Sood @abhijay_sood]

More or less welcome noises from the Prime Minister today on housing, water, and energy (North Sea aside).

If this government can prove to the public that we as a country can *do stuff*, people might be more willing to accept taxation to fund things we can all benefit from.

[Robert Peston @Peston]

Burnham will give councils the power to make compulsory purchases of empty homes

[Abhijay Sood @abhijay_sood]

I want to live in a country that can do stuff. Housing the homeless, building council homes, and using empty properties for council housing is a good start.

[Abhijay Sood @abhijay_sood]

The most interesting about this is the 2034 deadline. Shorter maturity gilts will be run off passively, longer maturity gilts will be actively sold (at a significant loss). They're betting this will save money in the long run, but I'm not so sure.

[Daniela Gabor @DanielaGabor]

today @bankofengland caved - too little, too late - to growing critique of Active QT damaging UK's fiscal/gilt position.

1. Pause gilt sales till April 2027 (switch to Passive QT).
2. Resumes sales after, 20bn yearly, to DMO (back to Active QT)

https://t.co/hfd5dhqZyO

[John Stepek @John_Stepek]

So the Bank of England is now going to sit on all the 2049-plus dated debt it holds until it matures. Going to be quite interesting now to get the real-world proof of just how much of a premium active selling was adding to yields. Quite a bit, judging by the reaction so far

[Abhijay Sood @abhijay_sood]

@MarwanData Name recognition is big in elections, voters will often just tick the familiar name. How does that work in this scenario?

[Abhijay Sood @abhijay_sood]

@MarwanData I'm shocked this isn't being discussed more

[Abhijay Sood @abhijay_sood]

@BlazeQuark Let's make him Lord Sheeran first though

[Edmund Griffiths @EdmundGriffiths]

I don't think this can be true. One in 7 have heard of it, & 51% of those—so one in 14 adults, nearly 4m people—have actively distributed it. It started in Sept 2020 & comes out monthly. If they each only did it once, that's > 100k paper sellers per issue
https://t.co/NIq7PxGhgj

[Abhijay Sood @abhijay_sood]

@GeorgeAylett Crazy that you got this exactly right

[Invest for Change @investforchange]

Want big banks to stop funding fossil fuels?
Or companies to pay workers fairly?

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[Felix @feliximperial]

Mr Sood’s career in ICU seems pretty inveterate too

[Abhijay Sood @abhijay_sood]

@DrTomFlynn What do you think the West should do?

[Owen Jones @owenjonesjourno]

This is an astonishing speech by Kenya’s Ambassador to the United Nations, and everyone should watch it

[Tom Dolphin🏳️‍🌈 🏳️‍⚧️ @thomasdolphin]

This committee at my hospital is planning to continue meeting every third Tuesday for the next two and a half thousand years

Now that’s a truly long-term vision for the NHS

[Greta Thunberg @GretaThunberg]

"Europe’s biggest banks/.../provided £24bn to oil and gas companies that are expanding production less than a year since pledging to target net zero carbon emissions"

Episode 2387349 of "Giving up on your targets long before even trying".
#PeopleNotProfit
https://t.co/oxZiaJ25Q9

[ICCR @ICCRonline]

This ShareAction webinar will present an analysis of the voting behavior of 65 of the world's largest asset managers on environmental and social resolutions. Register to save your spot: @SriEvent

[Abhijay Sood @abhijay_sood]

@DrTomFlynn Will screenshot this for when you zoom off the edge of Putney Bridge one day

[Abhijay Sood @abhijay_sood]

Enjoying the intro talks by @TahaYasseri and @RenaudLambiotte at @OxfordEconNet.

#OxfordEconNet

[Abhijay Sood @abhijay_sood]

@DrTomFlynn