A nice article by @DAaronovitch, a journalist I respect, on the latest row to engulf the BBC. It is also, I suspect, too nuanced to make an impact in a world where hyperbole is the easiest way to get noticed https://t.co/enAS6i6xnX
"The UK needs to do an awful lot more to get closer to the pre-Brexit arrangements."
Economist @EomicsUK on the Bank of England and the British economy
@TiggyWalker @piratejw @BBCRadio2@DorsetMag Thank you for everything you have done and for keeping the show on the road for so long. Thanks to Johnnie for bringing us the music for all these years - the final show marked the end of an era. May we indeed walk into the future with our heads held high
As England look forward to the Euro semi-final on Wednesday, it is worth noting that the national team has historically performed better under a Labour government (can't vouch for quality, though)
In many ways the UK general election won't be a good one to win given the economic inheritance. Tackling the productivity challenge & meeting competing fiscal needs requires exploring a range of previously unthinkable policy options. Some blog thoughts: https://t.co/IZh714Oapk
@t0nyyates True, it will do the calculations/estimation but is it worth slogging through the foothills to get there? The data wrangling alone is a mighty slog. R is better (I think) but even data scientists tell me they spend ages putting the data together before doing anything interesting
@dsmitheconomics Thanks David. Thought-provoking as ever. You make a good point re Bernanke Review: why indeed did it take an external review to highlight known process shortcomings? Maybe to circumvent internal resistance to change?
@ErikBritton@EconSteveM@NIESRorg@jagjit_chadha In this instance I have sympathy for the BoE which was caught out by an inflation spike that nobody else expected either, and it had limited room for manoeuvre, given we had just experienced the biggest output collapse in 300 years, the fuller consequences of which were unknown
@ErikBritton@EconSteveM@NIESRorg@jagjit_chadha Indeed. We have have these reviews every 10 years or so which conclude that the forecasting system needs a revamp and that we will do better in future when (a) no model will ever predict the future anyway & (b) it's the policy errors not the forecast that are the problem
@JeremyWarnerUK I also assume the UK govt expended a considerable amount of political capital to get her the OECD job and she is off after just a year. These things tend to be remembered so might count against a Brit seeking support for a similar high profile international position in future
@AaronJStokes Sums up much of the last 3 months. The team has looked slow and ponderous for a while (Gordon apart). Tiredness and injuries may be a factor but something is lacking
@Gloscricket Sad news indeed. Quite simply one of my favourite all-time cricketers and the reason I still follow the fortunes of @Gloscricket. RIP Mike, we have lost one of the greats