William Reeve

CEO, Goodlord; NED Chair, Augmentum Fintech PLC. Serial entrepreneur, NED, angel. Based in London. @wreeve.bsky.social

[Lindy Cameron @Lindy_Cameron]

फिर मिलेंगे 🇮🇳❤️
As my time as British High Commissioner to India comes to an end, I’m leaving with a full heart and countless memories. The UK-India partnership has grown in ambition and breadth, bringing our governments, businesses and people closer than ever. I’m enormously proud to have played my part in that story. Keep following @UKinIndia, because there’s loads more still to come! 1/4

[William Reeve @wreeve]

@ShippersUnbound @FennellJW This is the point many miss - under current triple lock pensions ratchet up *higher* than any of the three components. Under the new proposal, they won't go up any higher than inflation or wages.

Look at last 14 years: Triple Lock column total is higher than any other.

[William Reeve @wreeve]

@ShippersUnbound @FennellJW because under the current approach it goes up *faster* than wages (because the volatility of inflation means that sometimes inflation > wages, and then pensions ratchet up above wages), whereas under the new approach it will only track wages

[William Reeve @wreeve]

Incidentally here is the BBC graphic about how the triple lock has been executed over the last 10 years. Pretty visually clear how it results in increases that are higher than *all* of the component parts - thanks to the volatility of each measure /2

[William Reeve @wreeve]

In a manner of speaking, Andy Burnham today announced a mild version of what I was proposing. Maybe he read this tweet! /1

[William Reeve @wreeve]

@polcurrency Re the triple lock... @George_Osborne doesn't appear to realise that the formula rewards volatility, rather than the mean. Understanding this then leads to some practical policy suggestions that would save billions, but be politically acceptable. /1

[William Reeve @wreeve]

@ShippersUnbound In three words: different time periods.
Which actually makes a big difference.

[Alison @BrynPies]

@Jeremy_Hunt People who own their homes must be forced to move home, to cheaper areas if they can’t afford the mansion tax, but people who live in social housing in zone 1 must continue to be subsidised by taxpayers because it is unfair to make those people move away from their community. 🤷‍♀️

[William Reeve @wreeve]

@DanNeidle I would be interested in your view on this proposal to modify the Pension Triple Lock in a way that keeps the promise but saves £billions.

[William Reeve @wreeve]

@polcurrency Re the triple lock... @George_Osborne doesn't appear to realise that the formula rewards volatility, rather than the mean. Understanding this then leads to some practical policy suggestions that would save billions, but be politically acceptable. /1

[William Reeve @wreeve]

The OBR would give immediate credit for this too, immediately lowering long term borrowing forecasts. A simple change that would save the taxpayer billions. /9 Ends

[William Reeve @wreeve]

@polcurrency Re the triple lock... @George_Osborne doesn't appear to realise that the formula rewards volatility, rather than the mean. Understanding this then leads to some practical policy suggestions that would save billions, but be politically acceptable. /1

[William Reeve @wreeve]

Making this change would still ensure pensions rose faster than *both* earnings *and* inflation, but not as quickly as the current arrangements. /8

[William Reeve @wreeve]

Excellent episode on the new Burnham cabinet - some genuine insights not captured elsewhere

[Political Currency @polcurrency]

“John Healey is not a Wes Streeting”

In this week’s episode, Ed Balls reflects on his time working with John Healey in the Treasury and how these skills will shape him as Chancellor. He argues his communication style and views on the fiscal rules have earned him the top job.

🎧 LISTEN: https://t.co/u7dVfsBx0w 

🖥️WATCH: https://t.co/Avj40HXSKj

[William Reeve @wreeve]

@Peak_Ascent @g__j wait until petrol forecourts start closing as 30% drop in customers means they can't cover their overheads....
and remember that with 25m homes across the country there are a lot of charging points in rural areas!

[Greg Jackson @g__j]

Amazon may not be perfect but Bezos is right to say "there are companies who'll work hard to charge as much as possible and those who'll work hard to charge as little as possible"

Energy is dominated by the former, but needs more companies to be the latter.