James Gradel

Youth unemployment is up again, and under-35s are falling behind older workers. People are starting to grumble and say AI is why young Brits can’t find work... But the evidence says this is wrong. Data points somewhere much more old-fashioned. The cost of hiring young people has risen too far, too fast. (New piece from @pdmsero and I on @BritishProgress's Post Haste 👇)

Important chart showing that UK youth unemployment is rising faster than the OECD avg, moving now to within 1% of more rigid economies. & Youth unemployment is now 2x the average rate of Germanic countries

@DavidPintoD @ZackPolanski Great video

You may have seen @ZackPolanski speaking about economics this week. But the theory behind his thinking is a pretty wild one - and could end up costing you dearly 👇

Article here: doi.org/10.1111/newe.7…

NEW: @dc_lawrence & I have a new piece for @IPPR, on “Escaping Austerity: How Abundance Can Save Progressive Governments” Every political season in Britain seems to come with increasingly difficult decisions on spending. Decisions that many MPs feel ill at ease with. But the simple reality is that the UK’s tax take has not kept up with public expectations for public services. Our economic stagnation is the greatest single constraint for British progressives. Look at the US - if we had grown as much as America then we would have 150 billion more in tax revenue. That’s enough to fill the fiscal hole five times, or indeed to reverse cuts on winter fuel, foreign aid and welfare spending, and have enough left over to upgrade our schools and hospitals, pay for families to replace boilers with heat pumps, build thousands of new council homes per year, and make sure no child goes hungry. There are clear routes to achieve greater economic growth: cheaper energy, more housing, and more infrastructure. However, the Government should go light on talking about GDP or growth. It is delivery, not the process that voters are interested in. Most voters are not interested in streamlined planning consultations or the Fingleton review, but they do want to reap the benefits of lower costs and a growing economy. Growth is an inclusive story. The material abundance of the 20th century was what enabled the state's role in public health, education and social security. But as the economy stagnates and the state retreats on some of these promised benefits, populists find it easier to stoke division. To end austerity, we need abundance. If Progressives want to win the big political battles of the next decade, we should pursue growth to restore public faith in liberal democracy.

London is one of the best cities in the world. It’s a true shame that the barrier to entry is ~£12,000/yr for just a bedroom in an HMO.

@RealChalamet hyyyped

DUNE PART THREE

Out today >> @UJS_UK 'Time for Change', report into 2.5 years of campus antisemitism. The findings are horrifying. - 24% students believe that zionists control the govt/media. - One in five (20%) students would be reluctant to, or would never, house-share with a Jewish student.

As we wake up this weekend, news of yet another violent attack on Jewish children. These are just some of the violent acts aimed at Jewish communities in the West this month. Where is the outrage? A warning: antisemitism will always bring down the society that tolerates it.

🌍🚨Brooklyn to replace low-density 6-storey building with 72-storey residential skyscraper. The 840-foot-tall skyscraper will deliver 1,263 new homes, 325 of which will be affordable 🏙️ BEFORE VS AFTER 👇

Really important news. Building nuclear in the UK is vital for our sovereign energy capability and bringing bills down

@alys_key Meme obituary is a Substack category i was not aware of

Had to be done #londonmaxxing

Really encouraging to see reforms to our nuclear regulation! ⚛️

@freddie_poser @JohnFingleton1 This is very good news - exciting to see so much progress being made in an area so critical for the UK's energy future. Congratulations to the whole team in the Taskforce who proposed such a strong set of recommendations to begin with.

BIG nuclear news: today the Government has released its plans to implement @JohnFingleton1’s landmark nuclear review. The headline: ‘Building our Nuclear Nation’ is very good news for British nuclear, implementing almost all of the transformational recommendations, but not quite everything. The Government has committed to almost every recommendation and outlined a detailed plan to implement them. The Government says it will fix the outdated radiation rules, revise effective ban on SMRs across swathes of the country, set up a nuclear regulatory commission and more! Last year @BritishProgress launched our Nuclear Taskforce Tracker - today is the first HUGE update. nuclear.britishprogress.org/?new=true

I am pleased to see the government response to Task Force on Nuclear Regulation. First, it has been published on time which sends a positive signal about priorities. Second, the detailed and considered response shows that the Government is serious about reform. Third, almost every recommendation is to be taken forward fully. All of this should help bring about a substantial reduction in cost and delivery schedules for new nuclear. This should spur greater confidence for investors in nuclear in the UK. A few recommendations will be taken forward in a different way that in our report, as we envisaged. The role of the Implementation structure will be critical in continuing to ensure that this is prioritised.

𝐉𝐑𝐂 𝐬𝐭𝐚𝐭𝐞𝐦𝐞𝐧𝐭 𝐨𝐧 𝐭𝐡𝐞 𝐑𝐞𝐜𝐞𝐧𝐭 𝐒𝐲𝐧𝐚𝐠𝐨𝐠𝐮𝐞 𝐀𝐭𝐭𝐚𝐜𝐤𝐬 𝐚𝐧𝐝 𝐈𝐧𝐜𝐢𝐝𝐞𝐧𝐭𝐬 𝐀𝐫𝐨𝐮𝐧𝐝 𝐭𝐡𝐞 𝐖𝐨𝐫𝐥𝐝 “The JRC is deeply shocked by the attacks targeting synagogues in Michigan, USA and Oslo, Norway. This is in addition to other disturbing incidents reported across the globe, from Liege, Belgium to Toronto, Canada. Our community in Greater Manchester is painfully aware of how these communities must be feeling following what we endured on Yom Kippur. Events such as these are a stark reminder of the reality many Jewish communities face around the world. The extensive security measures in place around synagogues, schools, and community buildings are not taken lightly. Sadly, incidents like those witnessed internationally demonstrate clearly why such provisions are necessary to keep Jewish people safe from a deadly terrorist threat. We would like to thank our Government and emergency services for their continued commitment to protecting our community. The JRC stands in solidarity with Jewish communities around the world who have been affected by these incidents, and we reaffirm our commitment to ensure the safety, security, and resilience of Jewish life.”

Summer may feel a long way off, but long stretches of heat have become unbearable for many of London’s most vulnerable residents. Great to have @BritishProgress's head of energy @watt_direction quoted by the BBC supporting air conditioning to reduce risks to health and life.

A great article from former JLM Chair @mikekatz. At a time when the populist left and right are trying to pull communities apart, this Labour Government’s Social Cohesion Strategy couldn’t be more important to combat antisemitism and heal divisions. thejc.com/opinion/labour…

UPDATE🚨 Liverpool City Council approves 70-storey skyscraper with 563 homes. The skyscraper is part of the King Edward Triangle plan, which will deliver 🏘️3,000 new homes, 🛍️250,000 sq ft of retail and leisure space, 💻200,000 sq ft of office space, and 🏞️400,000 sq ft of public space. Take a look at the tweet below to see a 28-storey skyscraper approved last month that will also be part of the King Edward Triangle 👇 bbc.co.uk/news/articles/…