Simon Youel

Head of Policy & Advocacy @positivemoneyUK. Visiting Research Fellow University of Manchester @mcrlawtech. Occasional words @ wherever will have them. Own views

[Simon Youel @simonyovel]

Rishi's Sunak NFT should not only make us cringe, but also worried that a supposedly serious government has drunk the cryptobro koolaid

Me for @openDemocracy's @_ourEconomy

https://t.co/6VFt39tNFX

[Simon Youel @simonyovel]

@SonnerSounds @AaronBastani Because, again, depositors lend to banks below market rates. Most bank deposits have a negative real rate - £450bn (20%) pay no interest at all! Banks which aren't compelled to maximise short term returns on shareholder equity could quite easily invest in social housing

[Simon Youel @simonyovel]

@SonnerSounds @AaronBastani All banks engage in money-financed maturity transformation - purchasing longer-term higher-yielding assets by issuing short-term deposits which are treated as money. No reason that can't be used to support public purpose

[Simon Youel @simonyovel]

@SonnerSounds @AaronBastani By paying below money market rates on deposits...

[Simon Youel @simonyovel]

@SonnerSounds @AaronBastani The same way depositors of Nationwide make a return from lending to a bank that invests in housing...

[Aaron Bastani @AaronBastani]

Regional investment banks? That’s a John McDonnell policy.

[Simon Youel @simonyovel]

@baylissbaghdad @PMarlowe1939 "highly original, brilliantly written and disturbing persuasive" would perhaps be appropriate feedback if this was handed in as a gcse essay

[Simon Youel @simonyovel]

@willuminare @DespoticInroad Not sure getting MPs to play with sex toys in Parliament is going to encourage many people to sleep together

[Despotic Inroad @DespoticInroad]

As the transatlantic alliance falters, there’s a new kind of military Keynesianism emerging from Labour’s “Anglo-Gaullist” circles. Rearmament will, they say, deliver us from our broken, post-2008 growth model & produce a manufacturing renaissance/industrial revival.

It’s a delusion. There are few worse ways to catalyse growth than defence spending. Its multipliers are weak + long-term productivity benefits are non-existent. Better to build true resilience, & channel £££ into infrastructure, capital projects, R&D & fixed public assets, not another MoD procurement money pit.

Before we restore our ability to “project influence” abroad, perhaps we should think about how to raise living standards/real wages for the first time in 2 decades at home?🤔

Time to drop the post-imperial delusions, Bevinite nostalgia & the “Gaullist” posture & start thinking like a developing country. ANGLO-DENGISM over Anglo-Gaullism, Comrades!: look inwards, build, develop, grow, Make Britain Rich Again.

FULL ARTICLE👉👉👉 https://t.co/X8KEOLIiIa

[Simon Youel @simonyovel]

Bit of a brass neck on Reeves here in her Mais lecture. Don't recall her or Labour shouting about the priceless opportunity to invest in the early 2010s - quite the opposite

[Dan Hind @danhind]

It's a time honoured tradition in the UK: everyone with ambitions to become Prime Minister has to go to the City of London, and promise not to do anything.

[Simon Youel @simonyovel]

Bond Markets Breathe Sigh Of Relief As Keir Starmer's Future As Prime Minister Becomes Less Tenable

[Simon Youel @simonyovel]

If I was a political journalist who started paying attention to gilt yields around 3 years ago I would be liable to interpret this as the bond markets screaming for Keir Starmer to go

[Simon Youel @simonyovel]

@paulmasonnews Hahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahaha come on man labour are not going to give you a job. They're not going to have enough seats!

[Simon Youel @simonyovel]

@AaronBastani I've heard it said that she was a very capable right winger at Camden Council - wonder what happened!

[Simon Youel @simonyovel]

@RachelReevesMP Why was this?

Could it be because of lobbying from banks (eerily similar to that advised by Peter Mandelson), as uncovered by @EJShone93 for @openDemocracy ?

https://t.co/jILAe8kzS3

[Simon Youel @simonyovel]

Now that HSBC have reported 2025 results I calculate that @RachelReevesMP could've brought in *£12.5bn* from the UK's big 4 banks alone by taxing their net income from domestic retail depositors above a threshold of £800m at a 38% rate (in line with the oil & gas windfall tax)

[Simon Youel @simonyovel]

@RachelReevesMP This would have brought in more than the stealth income tax rises - yet the Chancellor made a choice to raise taxes on workers rather than banks.

[Simon Youel @simonyovel]

@meadwaj Though they believe other policies from the Budget will end up having a positive contribution to CPI

[Simon Youel @simonyovel]

@AaronBastani How does a capitalist economy grow without debt?

[Joe Weisenthal @TheStalwart]

Did an asteroid filled with Bitcoin hit the earth?