Discover and read the best of Twitter Threads about #TeamRishi
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Expect lots of warnings today from #TeamRishi about the cost of higher interest rates as the Bank of England (#BoE) hikes.
Three counters...
1. The #tax cuts proposed by #LizTruss are unlikely to have any significant impact on #inflation (they could even help to reduce it)...
Three counters...
1. The #tax cuts proposed by #LizTruss are unlikely to have any significant impact on #inflation (they could even help to reduce it)...
2. It's #TeamRishi that's playing at 'fairytale economics' if they think the current ultra-low level of interest rates is normal, healthy or sustainable (most economists agree that fiscal policy is too tight - largely due to #Rishi's tax hikes - and monetary policy is too loose)
3. It is at least right to worry that rising short-term interest rates will add to the cost of public debt. But this simply strengthens the case for the government to lengthen the maturity of borrowing to lock in low rates - as #LizTruss has proposed!
#trussonomics
#trussonomics
Oh @megpickard you are my heroine for collecting these in one place. Also: wondering, idly, if anyone would be interested in co-organising an afternoon/evening/internet moment of short talks on the approximate theme of “What on Earth is going on with UK govt comms?”
And- to be clear - I am calling shotgun on at least one of #teamrishi talks.
Anyway, to be clear, this is not at all a frippery. It might seem like a trivial adornment of democracy, but this is surely where we’re heading, and *it matters*. https://t.co/L2KDgQJy1E
