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@pro_multis

Housing law pedant—Tech-curious muso—Scouse with bonus Welsh & others-proud mongrel. #DCFC thru thin. Lefty Woke Snowflake, armed and sarcastic!

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Sσɳɳყ@pro_multis·
@AllyMcavoy33409 It’s not just the transfer of wealth, We are witnessing a dual extraction: of both wealth and future opportunity from workers to the elite. The elite aren't just draining the pool of wealth; they are pulling up the ladders of opportunity that once surrounded it.
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Steve Hall
Steve Hall@ProfHall1955·
1.2 million people follow an economically illiterate propagandist. I'm not an MMTer, but I guarantee that they fully understand the role of taxation and know in fine detail that selling gilts is a unique type of 'borrowing' that shouldn't allow the creditor to dictate terms.
Andrew Neil@afneil

Typical of the MMT mumbo-jumbo on social media. The idea governments can simply finance spending by printing money without regard/resort to taxation/borrowing is inane.

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Feargal Sharkey
Feargal Sharkey@Feargal_Sharkey·
The gravy train continues. Failed former CEO of Ofwat, David Black has reappeared at a consultancy company called BRG where he will "Advise firms and investors across regulated industries as they navigate shifting regulatory frameworks". His boss? No less than former head of regulation at Thames Water one Colm Gibson. As @PrivateEyeNews would say "Trebles all round". Well actually that's exactly what they did say. 👇👇👇
Feargal Sharkey tweet media
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Sσɳɳყ@pro_multis·
@chazzaward1 @ecurrnomics Today 7% owned by local councils 10% owned by housing associations 25% private landlords 58% owner occupied. Indirect subsidies to residential landlords via housing benefits is £30bn+ today In 1980 this subsidy to residential landlords adjusted for inflation was £4bn.
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NJ
NJ@NoJusticeMTG·
@joshsimonsmp @AndyBurnhamGM you actively worked to collapse the campaign of someone ACTUALLY working for big change in 2017 Josh
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Feargal Sharkey
Feargal Sharkey@Feargal_Sharkey·
Oh here we go again. @YorkshireWater claiming they are "INVESTING" £8.3 billion between 2025 - 2030. That of course turns out to be completely untrue. The only money I can see that shareholders are putting into the business is paying back the "loan" they took, by March 2027 and the £100 million they were supposed to pay to help reduce sewage dumping by the end of March 2025. Every other damned penny of that £8.3 billion, that's £8.2 billion is being funded directly out of bill payers' pockets and not a damned thing to do with shareholders. Why are water companies allowed to tell such utter lies? Ofwat?
Water UK@WaterUK

Water companies are delivering a £104 billion investment programme to secure our water supplies and support economic growth. @YorkshireWater is investing £8.3 billion from 2025-2030, including £400 million to replace over 1,000km of pipes. Find out more: brnw.ch/21x2Vpp

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Sσɳɳყ@pro_multis·
@owenjonesjourno the 70s crisis was largely triggered by Tory budgets ‘dash for growth’(71–73) that overheated the economy, deregulation of credit, Tax cuts, increased borrowing stoked inflation & crashed everything Wilson left to carry the can. They never learn! but they expect us to forget.
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Owen Jones
Owen Jones@owenjonesjourno·
Britain's average economic growth in the 1970s was 2.66%. In the 2010s, it was 1.98%. So far in the 2020s, it's 1.07%. That lower economic growth is a lot less equitably distributed than it was in the 1970s. Average real wages growth in the 70s? 3.2%. In the 2020s? 0.9%.
Daily Mail@DailyMail

ANDREW NEIL: My real beef with Streeting and Burnham? They are promoting the same dreary socialist agenda that brought this country to its knees in the 70s trib.al/EzFkfp9

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Sσɳɳყ@pro_multis·
@W12Newman @DailyMail You forget the 70s crisis was largely triggered by Tory budgets ‘dash for growth’(71–73) that overheated the economy, deregulation of credit, stoked inflation & crashed everything. Wilson left to carry the can. They never learn! but they expect us to forget.
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Dr S P Newman
Dr S P Newman@W12Newman·
@DailyMail My real beef with Andrew and Daily Mail? They are promoting the same dreary rightwing agenda that brought this country to its knees in the 80s and 2010-2024
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Daily Mail@DailyMail·
ANDREW NEIL: My real beef with Streeting and Burnham? They are promoting the same dreary socialist agenda that brought this country to its knees in the 70s trib.al/EzFkfp9
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Malcolm Reavell
Malcolm Reavell@malcolm_reavell·
Andrew, this is how our government actually spends. Every day. The proof is in the legislation. Look it up instead of assuming you know. Be a journalist, not an embarrassing troll spreading misinformation. Here, check it out: ucl.ac.uk/bartlett/sites…
Andrew Neil@afneil

Typical of the MMT mumbo-jumbo on social media. The idea governments can simply finance spending by printing money without regard/resort to taxation/borrowing is inane.

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Patricia
Patricia@PatriciaNPino·
@afneil Andrew, Malcolm is describing the actual mechanics of how the Exchequer operates, s15 of the 1866 Act, the Comptroller and the Consolidated Fund. Is the claim that these institutional details are ‘mumbo-jumbo’? Or is the problem that you haven’t checked whether he’s right?
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Malcolm Reavell
Malcolm Reavell@malcolm_reavell·
People who think nationalisation is expropriation of private property by the state ignore the fact it was the state that expropriated common land to create private property, dispossessing the people with acts of enclosure.
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Sσɳɳყ@pro_multis·
@malcolm_reavell The original theft mass dispossession, resulting in rural poverty, and the creation of a landless working class who had to sell their labour to survive
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Dave
Dave@thomson_xyz·
@DanNeidle @Jan_Leeming Could’ve taken a hybrid approach - say from 1945 - 2045 some additional contributions go into a fund so that by the end of that period people are paying for their future pension. 🤷‍♂️
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Jan Leeming
Jan Leeming@Jan_Leeming·
No didn’t go that far. Our road tax doesn’t appear to go into roads - just like all the tax we’ve paid towards our pensions which wasn’t ring fenced amd invested for them - so now it’s today’s taxes which go into pensions. It’s not right.
Glyn Gillard@GillardGlyn

@Jan_Leeming Did you get as far Devon Jan? The roads are disgusting, where the hell is our money going.

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Sσɳɳყ@pro_multis·
@steve6690 @malcolm_reavell @afneil Economics isn’t black & white. Since 1930’s the fringe argument developed which is now mainstream that the limit to govt spending (which creates money) isn’t the availability of finance but the availability of real resources, technology & stability.
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Drew Peacock..🇬🇧🇩🇪
Drew Peacock..🇬🇧🇩🇪@steve6690·
@malcolm_reavell @afneil I haven't proposed anything. I'd like to know whether you think there's a limit to how much extra money should be created, and what limiting factors you believe might apply. I'm not an economist and I'm not trying to catch you out.
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Andrew Neil
Andrew Neil@afneil·
Labour inherited a defence budget for 2024/25 of £60.2 billion. Latest projections put defence spending at £73.5 billion by 2028/29. That’s a rise of £13.3 billion. Where did you get the £270 billion increase from? The tooth fairy? Let me speak plainly: it’s a lie — delete the tweet.
Wales Office@WalesOffice

The UK Government is increasing defence spending by £270bn over this Parliament to strengthen our national security. Welsh Secretary @JoStevensLabour visited the Mission Systems team @gduknews in Oakdale to see the role that Wales's defence sector is playing in boosting our economy and creating jobs.

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Sσɳɳყ@pro_multis·
@NoJusticeMTG @docrussjackson One of the first things New Labour did was dismantle Youth Services & totally removed 19-25yr from scope. Yes Sure-Start was fantastic but it had an opportunity cost: Youth Services were sacrificed & Tories dismantled Sure Start under cover of austerity first chance they got
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NJ
NJ@NoJusticeMTG·
political and media class for the past week: "i can't believe we've failed young people, why did no one tell us??" The left, TEN YEARS ago:
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Sσɳɳყ@pro_multis·
@DrJoFranklin @saspist @benn_elisbenn @BriefcaseMike In public sector we’re repeatedly told that user is at the centre of the service In reality budgets are at the centre of contracts & none of the providers want to own the end to end user experience They merely report on system outcomes ie Time it took to pass the parcel on
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Briefcase Michael
Briefcase Michael@BriefcaseMike·
Not sure diverting patients from GPs to pharmacies works as well in practice as in a Dept of Health working party. Surgery sent me to the pharmacy and the pharmacist said "no can do" and sent me back to the GP surgery. Meanwhile qualified GPs can't get jobs. #r4today
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Keşfet

@AndyBurnhamGM @Nigel_Farage @PrivateEyeNews @chazzaward1 @ecurrnomics @joshsimonsmp @YorkshireWater @owenjonesjourno