Tootfinder

At last a sensible note on the bond problem that underpins the tax rises in #Budget2025.
"Slowing quantitative tightening, having the Bank of England absorb its own losses on its balance sheet and reducing the amount of interest paid out on reserves all offer ways for the government to recoup these losses and invest in public services and infrastructure. "
Budget tax rises to…

Budget tax rises to be overshadowed by Bank of England bond sales and losses
Bank of England to make cumulative losses of £112bn until 2030/31, wiping out the £78bn in tax rises raised in today’s budget

In other news, Ed Davey (UK Lib Dems) was vacuous about the #Budget2025. Could only prattle about 'growth' and the EU.

A timely (timeless really) and needed corrective to the #GrowthDogma that was present in almost every commentary on yesterday's #Budget2025, from @…
Why…

Why the UK should look beyond growth to a ‘new economics’ that works for all
Jasper Kenter, Professorial Research Fellow, Deliberative Ecological Economics, Aberystwyth University The UK budget is usually a story of growth forecasts, borrowing levels and fiscal discipline. But ahead of this month’s high-stakes event, growth has been slower than expected. At the same time, as households struggle with living costs, the climate crisis intensifies and inequality persists, […]