@tomcoady@meadwaj Mitchell’s solution to FX risk ultimately just boils down to capital controls which is hardly reassuring and a non-starter in the UK with our trade balances and services sector
She can’t be this stupid, surely someone at the treasury has a brain. More downward pressure on the bottom end of the jobs market and another inflationary idealogical bung
Exclusive:
Rachel Reeves is preparing to give more than a million low-paid workers a pay rise in the budget
The Times has been told that the chancellor is likely to confirm a rise in the national living wage of about 4 per cent, from £12.21 to at least £12.70, in an effort to deliver on her pledge to improve living standards
The government will also commit itself to extending the living wage to people between the ages of 18 and 21 as part of a commitment to ‘raise the floor’on wages
However businesses have warned that she risks ‘pricing jobs out of existence’ because of the ‘compound’ effect of last year’s rise in national insurance and the minimum wage
That highlight the fact that many of the key elements of Labour’s employment rights package - including day one statutory sick pay - kick in at the same time, increasing the burden on employers
https://t.co/Vn5hvwnnUq
This thread is bonkers. Can’t believe @Dannythefink has the patience to attempt to engage with the people in this thread. Genuinely a struggle to tell if they are stupid or just so ideologically dogmatic as to lose all connection to reality. Insane.
Oh my goodness this is absurd. No I appreciate flowers can grow, and children can grow. But when the term is used in an economic context it means GDP growth. I obviously think that Zack believes in happiness growing or climate change protection growing. So, yes, there are things that can grow which aren’t GDP but that isn’t what the term perfectly obviously meant in this context.
In case there are any more ludicrous interventions of this kind.
The point is that he doesn’t believe that increased GDP is what we want to attain. Because he doesn’t think GDP is a measure of good things so he doesn’t value having more of it.
This isn’t my position and I disagree, but just because I disagree doesn’t make my characterisation of it wrong.
It seems to me he is agreeing that he doesn’t believe in GDP growth.
@db_fink Surely you’ll just get ISA providers doing a managed “cash style” ISA for the slightly less smart idiots too, buying the same money market funds and charge management fee for it, so actually just worse returns for the cash ISA people
@PositivFuturist I think they probably will put together a reasonable coherent platform and clear out the wets which would tempt me, but it all just depends if Reform can get serious operators involved across the less popular policy areas that desperately need attention