David Claydon

@LBC @lewis_goodall Lewis what you should pursue is storage capacity. SoS has charge of this, yet 4 years after the Ukraine shock we have a gas storage capacity measured in days - partly reason why we suffer more price volatility. Not expanding storage, even if production low, is absolutely crazy.

‘It’s quite a low bar, urging another leader not to bomb people “just for fun”?’ @lewis_goodall presses Ed Miliband for a response to Trump’s latest Iran war comments.

@JeremyCliffe @ecfr @a_publica Super note. Thank you Jeremy. My concern is the time inconsistency. Europe (and Ukraine) are about to be squeezed into Russia deal they don’t want. Their ability to resist is practical not just rhetorical. So while i like the optimistic note, I man not sure it fits reality..

[NEW] The good divorce, or: why I was (unfashionably) encouraged by this year's Munich Security Conference. My take on #MSC2026 for @a_publica ⬇️ agendapublica.es/noticia/20699/…

@shashj (Bloomberg) -- The Oslo-based Iran Human Rights group said at least 648 people had died in the protests by Monday, while estimating the toll could be as high as 6,000. The group warned the “risk of mass and extrajudicial executions of protesters is extremely serious.”

@TanDhesi @PeterStefanovi2 You mean Greenlanders

The future of #Greenland🇬🇱 is for Greenlandics to determine.

Another excellent and thoughtful intervention from @SanderTordoir from the pugnacious team @CER_EU i have been to too many events to make the same arguments.. boggles my mind that we are still having them.

@ProSyn That’ll be because it has worked so well i would guess?

Mariana Mazzucato & Rainer Kattel see great potential in public-policy “missions” to address the root causes of conflict and instability. project-syndicate.org/commentary/pea…

A new @CER_EU/ @DelorsBerlin /@BertelsmannSt policy brief discusses what's happening and what Europe needs to do. Read here: buff.ly/mzBkqRa

@TorstenBell You lay it out well Torsten, and if CX had laid it out similarly we might not be in this pickle today. The perception (and perception is v close to reality) is that the sequencing of OBR inputs and the production of speeches and interviews from CX don’t mesh That’s a big problem.

That is a lot of tweets. If you got this far you deserve a prize. Reasonable people will debate this growth strategy. But claiming there isn’t one is lazy nonsense. Higher growth matters because rising living standards are the goal, and higher investment is a key tool.

Rightly lots of debates about growth this weekend - rightly because it was low productivity growth that saw wages entirely flatline during the 2010s.

@andrewrawnsley Another good one Andrew, but I’ll say again the gilt market + investors must be included in analysis. A weak budget & market recoil will shape the future for PM & potential candidates This is likely to be a minimum tightening with very little growth emphasis. If so, not durable.

How a cunning plan to bolster the prime minister backfired spectacularly observer.co.uk/news/columnist…

@andrewrawnsley Another Rawnsley classic. Thank you. If I were an advisor i would be asking what the bond market needs. Getting that wrong and seeing gilt yields rise again will be a lot more costly than displeasing a few MPs.. problem is, nobody in the discussion understands what that means.

2p or not 2p? That is the question. observer.co.uk/news/columnist…

@fbermingham Nor have Chinese confirmed..

From White House: China will issue general licenses valid for exports of rare earths, gallium, germanium, antimony, graphite for the benefit of US end users and suppliers around the world. General license means de facto removal of controls China imposed in Apr 2025 and Oct 2022

Big news: Chinese commerce ministry will consider relaxing export controls on Nexperia that are threatening to cripple the European car supply chain But reporting suggests the breakthrough came during US-China talks rather than EU / Netherlands-China scmp.com/tech/policy/ar…

The UK is a great country with an extraordinary history. Our stagnation is real, but it's fixable and worth fixing. Enjoyed giving this talk at @lfg_uk last week and so encouraged by the optimistic responses I've had from people who are building a brilliant future for Britain 🚀

@fbermingham Is it possible/ realistic that EU supplies from Nexperia do not recover, but Trump negotiates a return of supplies for US OEMs?

ACEA: "Many alternative suppliers exist but it will take many months to build up the additional capacity needed to meet the shortfall in supply. The automotive industry does not have that long before the worst effects of this shortage are felt." acea.auto/press-release/…

Stark warning from the European car industry association over Nexperia "The industry is currently working through reserve stocks but supplies are rapidly dwindling. From a survey of our members this week, some are already expecting imminent assembly line stoppages."

@Brad_Setser @pstAsiatech Quite right Brad. From what I can see the Aspire 910C is where Nvidia was 4 years ago. Semi volumes also look tiny in China. US leadership looks more likely to extend than to shrink in the high value chip AI/HBM and model development ecosystem. The US would be crazy to squander..

Isn't the lesson of Nesperia primarily that Chinese ownership is risky? and that Chinese packaging and testing is also risky in today's world. I also struggle a bit to see the damage that the chip export controls have done to the US chip designers (most of the industry is fabless) and US chip makers. how concretely did the restrictions hurt intel (its main problem seems to be an inability to master EUL). and Nvidia doesn't seem to be sufffering in aggregate. concrete and specific examples would help -- and would push back a bit on legacy. Are you confidence China couldn't export contorl the US and Europe over certain types of chips that have a node in the supply chain in China? in any case, is your bottom line that we should take steps to reduce rare earth/ critical mineral dependence on China, or that we should accept it? (p.s. on batteries the risk comes from needing batteries for new EV production and new drone production and the like, flow not a stock -- same as with auto chips)

No matter the outcome of this week' Trump-Xi summit, the US in general and the Dept of Defense/ War in particular need to take dramatic steps to address these supply chain chokepoints 1/

@SamCoatesSky @JoeCookJ Thanks Sam. It’s irrelevant where we are in G7 growth. To stabilise debt, the economy needs to grow nominally faster than our cost of debt. We are not even close. The repeated fiscal tightening of RR clearly pushes growth down. We are in the loop.. and about to do more of same..

Rachel Reeves tells me tax rises are coming My interview with her on growth - but hear her admission at 2:35 in this But do watch the beautiful crafted @JoeCookJ film entirely

@carsjung @IPPR @BBCr4today I think your tax idea is far more complex and controversial (and distorting) than a normalisation of the indemnity.

@dcbath @IPPR @BBCr4today Yes agreed. Anomaly is that treasury is paying the losses. We highlight changing this as a longer term option. But looks like this won’t happen quickly, so the tax is another option that could prevent taxpayer losses more quickly.

What started as a programme to boost the economy is now a massive drain on taxpayer money. 📻 @carsjung on @BBCr4today 👇

@faisalislam I think you might understate the effects of this letter Faisal. Many of these (global) developers have just been through (or witnessed) the shredding of clean power subsidies under the IRA. This letter warns of similar risks here while the cost of capital inches up further.

All of that said, the decision on Monday to sweeten the offer for energy providers with eg 20 year guarantees instead of 15, and the strategy of derisking clean energy investment for the big players is clearly worthy of some questioning, and some in industry suggested to me they were relieved that Reform had not said they would rip up existing contracts… which had been floated.

NEW At the moment energy companies prep participation in the crucial UK AR7 clean energy capacity auction, Reform makes unprecedented threat to them that a “likely” future Government will “strike down all contracts” signed under AR7 “Should you choose to participate, you should treat any long-term revenue streams as politically and commercially unsafe. Let me be clear: if you enter bids in AR7, you do so at your own risk,” says Richard Tice.

‘America is in a good position, China will blink first’ – advisor channel4.com/news/america-i…

@g__j Of course the reality is that there are areas of the UK where demand is greater than supply. While locational pricing would reduce prices for all, relative prices would move. There will be more winners than losers - but there will be losers. Locational has externalities...

Locational pricing would cut costs: -sell electricity cheaply instead of paying curtailment -site & operate batteries efficiently -operate interconnectors efficiently -site new generation in sensible places -reduce new grid build -reduce connection btwn gas & elec prices etc

Kirstie knows - Location, location, location matters A single national price in energy is as mad as it would be in housing. We all pay billions for wind farms in areas with more supply than demand to switch off when it’s windy, and then fire up expensive gas to compensate.