Simon Evans

He/Him, Christian, PC gamer

[Simon Evans @simon_evansuk]

@Dcnwachukwu @SkySportsNews He will be sacked before then

[Jodi Jones @JodsJones]

PUSB 🩵 Now time for the boys to get the 3 points for a perfect weekend 🖤🤍 Also Sakamoto is the best player in the world 🤷‍♂️😂

[Jordan Shipley @Shipperz26]

😱😱

[Faster Football @Soccer7sSeries]

It's the moment you've been waiting for, Coventry City are crowned as the #Soccer7sSeries Men's Open Cup Champions 🩵🏆

#FasterFootball

[Jeremy Corbyn @jeremycorbyn]

Wow.

In under 24 hours, 200,000 people have signed up to build a real alternative to poverty, inequality and war.

Something special is happening - be part of it at https://t.co/0bhBHhWvVa.

[Bob Vylan @BobbyVylan]

Ban Bob Vylan? The people said ‘Nah’. We need artists that speak up. Our album ‘Humble As The Sun’ is back in the charts and, as an independent band releasing music on our own label, it shows the power of the people. You can’t get dropped if you own the label.
Thank you all!

[. @jdpoc]

Recently elected Reform councillors, resigning, has now hit 22.

Each by-election will cost £10,000 of taxpayers money.

And all because none of them had any intention of doing the job in the first place.

£1/4 Million so far.

[Crystal Palace F.C. @CPFC]

We’ll see you again soon, Wembley 🦅

#CPFC

[Sky Bet Championship @SkyBetChamp]

How it started 🆚 how it's going for Frank Lampard and @Coventry_City! 😮‍💨

#EFLPlayOffs 🔜

#EFL | #StepUp

[Simon Evans @simon_evansuk]

@SkySportsNews Disgraceful decision tbh. What he offers off the pitch too is worth giving him a new contract alone. I bitter ending to his City career

[Sky Sports News @SkySportsNews]

Kevin De Bruyne has revealed his shock at not being offered a new contract with Man City and has not ruled out joining another Premier League club 📝

[Simon Evans @simon_evansuk]

@UKLabour Unfortunately some Labour policies are more Tory than the Toties managed. And I've always voted Labour. Not sure I can now though, I've got to sleep at night

[Robert Peston @Peston]

We just learned that the world’s most powerful person, Donald Trump, has a boss: the bond market.

He may not have acknowledged this to himself, yet, but the global financial tumult he caused - and has temporarily eased - has locked him in a fiscal prison.

Because, as I have been saying for 24 hours, he came perilously close yesterday to having caused such an extreme fall in the price of US government debt that it would have become prohibitively expensive for his administration to fund a large deficit - more than 6% of GDP - and also to refinance the almost $8 trillion of government debt that matures in the coming year (almost a third of America’s sovereign debt).

The point is he is totally in hock to the good will of bonds investors.

And when he announced his reckless roster of massive tariffs eight days ago he alienated them, because they feared he would tank the economy such that tax revenues would plummet and the deficit would balloon.

So they sold US government bonds, Treasuries, and the yield on the bonds - the de facto interest rate - soared.

Which is why Trump blinked, and put on hold the more extreme tariffs, except for the 140% on China, for 90 days.

You might think the worst part of this is the uncertainty he has created for businesses and investors for the next 90 days. Since no one in their right minds would make a major US investment till the final tariff determinations are made.

But the cancerous uncertainty is not the worst of it.

The worst of it is he has shredded any respect that overseas governments and investors might have had for America’s economic and fiscal competence.

Shades - you might say - of how Truss and Kwarteng’s unwise unfunded tax cuts undermined the perceived fiscal competence of the UK.

But unlike Truss and Kwarteng, there is pretty much no mechanism for removing Trump.

All of which means that bond and stock markets will remain fragile and volatile - fearful that Trump will regain his mojo and engage in some other fiscal extravagance.

He has also handed a loaded gun to his perceived enemy, China, and his supposed ally Japan.

This matters in both cases, because he is engaged in the mother of all trade wars with China - and Japan wants a trade deal with him that would see it escape mega tariffs.

The loaded guns they have are their massive loans to the US government. Japan owns more than a trillion dollars of US Treasuries and China not much less.

If they were to sell those bonds, or even if they chose not to refinance maturing bonds, that could be a disaster for Trump. Because it could cause another potentially crippling spike in bond yields.

Here is the measure of Trump’s debacle.

He may well have trashed America’s single most important financial competitive advantage, namely that investors have traditionally bought the dollar and US Treasuries at a time of economic and political uncertainty.

No more - because he personally has become the world’s source of economic uncertainty snd anxiety.

So, as I say he, is now in a fiscal prison. And if bond investors, including Japan and China, see him imposing tariffs or cutting taxes in ways they don’t like, they learned yesterday they have the means and power to stop him.

[BBC Wales News @BBCWalesNews]

First year of 20mph limit saw drop in casualties https://t.co/P4Ze08IwY6

[Jeremy Corbyn @jeremycorbyn]

"How can you justify this?"

I have written to Rachel Reeves to share my constituents' profound distress over the cuts to disability benefits.

We are appalled by the government's cruelty - and we will not back down.

[Jodi Jones @JodsJones]

!!!

[Simon Evans @simon_evansuk]

@Coventry_City That's only 2 years though

[Owen Jones @owenjonesjourno]

Do you think we're going to get away with this?

[Jeremy Corbyn @jeremycorbyn]

I want to live in a world where we care for each other. That’s why we need a wealth tax to support and empower those in need.

[Simon Evans @simon_evansuk]

@Maxs3Cats @MBrundleF1 Riciardo was a way better number 2 but he got sick of playing 2nd fiddle to Team Max. Perez wasn't world class. He might jot have been bad, but Red Bull only have one great driver which is shambolic