EdwardA

Think Central Banks are misreading the times.

[EdwardA @Amies2E]

@asentance You heavily promoted his administration and heavily promoted unnecessarily high bank rate. The result - very weak growth. You bear some responsibility but instead just point the finger..

[EdwardA @Amies2E]

@shairnn 18

[EdwardA @Amies2E]

@asentance That would be a a grave mistake with unemployment and youth unemployment rising quickly. Also counterproductive to reducing inflation.

[Simon French @Frencheconomics]

Unfortunately, this analysis doesn't hold up to scrutiny. The UK retained its NGDP lead over the wider set of benchmark economies in the decade since Brexit. Where it lost ground was on RGDP per head - where inflation (as a result of a disastrous domestic energy policy, and incomes policies - egged on by left-wing economists) has created the clearest damage. Brexit added further inflationary friction, but about half as relevant as these other policy failures

[EdwardA @Amies2E]

@asentance translated....make the poor pay for my roads and my electric vehicle.

[EdwardA @Amies2E]

@E055Michel1842 @asentance I agree. But I don't think any in recent governments understand this.

[EdwardA @Amies2E]

@sunchartist @Frencheconomics In the short term yes. They should have cut when ECB did in 2024. The strength of the economy keeps yields under control that's where their error lies.

[EdwardA @Amies2E]

@asentance Once again you have misread the strength of the UK economy and inflation persistence. Bank of England are very late to cut and now have created an environment where it is difficult to do so without hurting the £. Same error as 2008 https://t.co/0YEdQRpro1

[EdwardA @Amies2E]

@JamesYo43532848 @DianeSwonk Great comment!

[EdwardA @Amies2E]

@KathrynPorter26 @UKLabour

[EdwardA @Amies2E]

@sunchartist Resigned...

[James Young @JamesYo43532848]

@NickTimiraos https://t.co/bTgrowj2Vu

[EdwardA @Amies2E]

@KathrynPorter26 @UKLabour @RachelReevesMP @Keir_Starmer And Bank of England still voluntarily doing QT to push yields and therefore uk cost of borrowing even higher. Disastrous.

[EdwardA @Amies2E]

@asentance Bank of England still doing QT to push the U.K.'s cost of borrowing even higher.

[EdwardA @Amies2E]

@asentance You were one of the loudest voices in promoting this government before the general election.

[James Young @JamesYo43532848]

https://t.co/kPPI5dxzE0

[EdwardA @Amies2E]

@JamesYo43532848 Important summary as monetary committee's base most of their decisions on the most lagged index.

[EdwardA @Amies2E]

@asentance It's a shame @asentance heavily promoted them