Michael Dean
33.9K posts
@Property_Funder
I lend money to SME house builders (since 2015). Commercial property investor and also podcast host. Gooner.
Bank of England chief economist: Interest rates can ‘contain’ inflation bit.ly/4dHtsY1
“How did you go bankrupt? Two ways. Gradually, then suddenly”. This quotation from Ernest Hemingway’s 1926 novel The Sun Also Rises describes how economic ruin often occurs ... My latest Economic Agenda column in today's @Telegraph attempts concisely to explain the extent of the delusion not just of this government, but of much of the UK's political and media class, when it comes to the state of Britain's public finances – and the related dangers. The idea that the roll-out of artificial intelligence is going to provide a major growth/fiscal boost over the next few years, as argued by Rachel Reeves in last week's Mais Lecture, is also widely complacent. Yes, AI is of huge significance and COULD be a major source of economic wealth-creation/progress for Britain (if the related job upheaval can be managed). But AI, and the related data centres, require HUGE amounts of energy. And Britain's considerable potential in this sphere is being massively curtailed by our sky-high energy costs, shaky national grid – and the related difficulty/impossibility of securing grid connections. And that's before Ed Miliband's madcap idea to "decarbonise the national grid by 2030" I've said for a couple of years now that the UK needs to choose between net-zero virtue-signalling and economic growth (with growth being absolutely vital if we are to pull this nation back from the fiscal cliff-edge). That reality is becoming ever more apparent with every passing week and month .... This is a slow-motion crisis - and the vast majority of decision-makers/commentators still have their eyes shut and their fingers in their ears. But financial meltdowns, for both individuals and countries happen gradually, then suddenly – as Hemingway understood. telegraph.co.uk/business/2026/…
The A303 Stonehenge tunnel has been scrapped after years of planning. £180 million. Gone. Not a single mile built. Not a single benefit delivered. Just taxpayer money burned. Who is actually held accountable for this?
Average British comment on Salaries
UK petrol trade body in dispute with ministers over ‘inflammatory’ comments ft.trib.al/R5b74m1
