I'm sorry to report that everyone should be watching the gilt market...
Rupert Harrison
9,080 posts
Rupert Harrison
@rbrharrison
Senior Advisor at PIMCO. Economics, markets and policy. Chair of the UK Council of Economic Advisers 2010-2015.
Oxfordshire, England.
Joined September 2010
- Sadly the impact of the Benn Act is clear to see - the EU have not felt any pressure to engage seriously with the UK's proposals and are now actively gambling on the outcome of a UK election.@BorisJohnson, what’s at stake is not winning some stupid blame game. At stake is the future of Europe and the UK as well as the security and interests of our people. You don’t want a deal, you don’t want an extension, you don’t want to revoke, quo vadis?
- The sheer brass neck of this. To presume to offer advice after what happened. And still no genuine acknowledgment of the real mistakes that were made. Happily, nobody in the Conservative Party or the Government is listening.Liz Truss urges Rishi Sunak to cut taxes and benefit increases bbc.in/46ijBBd
- Replying to @rbrharrison(Though frankly right now I'm more worried about the apostrophe in "it's" in the tweet above. And nobody out there to bail me out...)
- I have no idea whether the UK would run out of food and medicines in a no-deal Brexit, but I do know that it would do irreparable damage to the UK's reputation - already knocked - as a stable and predictable place to do business, with huge long term economic cost
- There once was a lady called Priti Who met Bibi in the Holy City She didn't tell her boss Who got very cross But neither of them got much pity
- Pasty tax alert... If I had to pick one tax change today that will unravel it's the £1m limit to agricultural property relief in IHT. Most small family farms are worth more than that, not that the farmers want to sell them, but they will now be unable to pass the farm on.
- What is going on?! David Gauke is one of the nicest people in politics and has been an effective minister since 2010, not least in building such a competitive corporate tax system it forced the US to copy us. A sad day if there's no space in the Tory party for people like himDavid Gauke Facing Vote of No Confidence order-order.com/2019/04/09/dav…
- Patrick Minford wants 7% interest rates... So his plan to get inflation down appears to be a deep recession and a huge wave of home repossessions To be fair this is broadly in line with most of his previous recommendations so you can't fault him for consistency
- Frankly very frustrating that many of us who voted Remain have demonstrated more ownership of the referendum result and the need to find a deliverable form of Brexit than any of the Brexiteers who have resigned from the government
- Any candidate for PM promising a new era of tax cuts needs to identify which parts of government spending they would cut. And given the state of the public finances we're talking tens of billions. Cutting the size of the civil service doesn't even scratch the surface...(1/2)
- There are going to be some shiny new motorways, schools and hospitals in Northern Ireland
- Theresa May won't look quite so hopeless once whoever takes over confronts the same Parliamentary arithmetic, EU realities and sour national mood
