Facebook group about #solution to #government #debt.
Facebook group about #solution to #government #debt.
@AnnPettifor argues that its time to democratise monetary policy & not leave it to unaccountable technocrats, who the Govt. has subcontracted decisions to....
Its time to take back that power & move away from both the misleading household metaphor (used in bad faith by those who wish to enforce austerity).
In other words its time to challenge the 'logic' of orthodox fiscal economics before we are further impoverished.
#austerity #economics #AutumnBudget
https://annpettifor.substack.com/p/central-banks-and-government-budgets
On Thursday 20th November 2014, for the first time in 170 years, UK parliament has debated the creation of money. Few people know that 97% of our money supply is created not by the government (or the central bank), but by commercial banks in the form of loans.
As the results of our recent poll show, most MPs lack a sufficient understanding of money creation. A worrying number of our MPs do not understand where money comes from.
Look @RachelReeves i think it's clear that we have tested the current system to breaking point as @stevebaker stipulated as one of the points before possible implementation of the Money Creation & Society Debate 2014 in the @ukparliament
"Tell you what Rachel Reeves won't raise: fuel duty on circus vehicles."
Marina Hyde applies her finest gallows humour to the state of UK Labour: the strategic vacuity and tactical incompetence of the Starmer team, and the dizzying pre-budget disintegration of Reeves's autumn budget.
As far as UK Labour is concerned, gallows humour is all we are left with.
https://www.theguardian.com/commentisfree/2025/nov/14/keir-starmer-labour-briefing-tax-rise
The Cycle to Work scheme may be up for reform at the Autumn Budget.
The chancellor would do well to take a measured approach here, because C2W is now 25% of all retail sales. A blunt force strike could easily do more harm than good.
https://www.cyclingelectric.com/news/cycle-to-work-budget
#ebikes #cycling #cycletowork #transport #electricbikes #policy #budget #autumnbudget
The latest kite from the Treasury is the message that Rachel Reeves will lift eat two child benefit cap in the Autumn Budget... however, like all such kites this is likely being flown to test opinion.
But in this case, once such a possibility has been raised, if Reeves doesn't deliver, it will be a massive (secondary) own goal from the Chancellor.
So in this case once the kite has been flown it may well sat aloft!
h/t FT