Lydia Prieg
@LydiaPrieg
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Chief Economist @NEF. Formerly: Head of Economics @NEF; PhD @Cambridge_Uni; Policy Advisor @oxfamgb; Analyst @GoldmanSachs
Cambridge
Joined July 2010
Everyone's talking about tax rises - but what about tax fixes? In a pretty unusual intervention, @CPSThinkTank has teamed up with @CenTaxUK, @ASI, @IPPR, @NEF, @jrf_uk, @WeAreBrightBlue, @LabourTogether & @DanNeidle to argue for sweeping, pro-growth tax reform & simplification.
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šOur #Researchoftheweek goes to @NEF for their report āSolid Foundationsā which outlines the scale of what is required to tackle regional inequality and improve lives across the country. (1/6) https://t.co/hKZlIQaadX
@BenediktStranak @ekiberd3 @dhnnjyn
neweconomics.org
Local investment need for a decade of renewal
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15 organisations, including @NEF, have laid out recommendations for @RachelReevesMP on how a green financial system can be achieved to power sustainable economic growth
financeinnovationlab.org
The 2024 General Election made one thing clear: Britain stands at a crossroads. Every major party recognised the need to revitalise the economy and deliver sustainable growth and prosperity across...
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"She has to be very careful how she treads here because economists from across the political spectrum agree that the one thing the UK desperately needs is more investment." @LydiaPrieg on Rachel Reeves' plans for the economy
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A group of 65 leading economists have warned higher UK public investment āmust be a priority for the next governmentā. Despite the UK's record of low public investment, the economists say the main parties lack āa serious plan to raise public investmentā. https://t.co/0NfW3mT3uw
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Didn't expect @GBNEWS to be the one to pick up this story, but good to see new @NEF polling findings covered: -People estimated the basic rate of Universal Credit was 48% of a minimum wage salary -They thought it should be 53% -In reality it's just 23% https://t.co/rZG1RyGpv5
gbnews.com
Universal Credit is the primary benefit payment for unemployed people which is administered by the DWP
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The haircut developments feel more promising (from a climate perspective) to me than the changes to collateral eligibility criteria, which, while related to energy performance certificates, are more about avoiding default risk due to illegal renting [2]
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Bank of England will adjust haircuts on collateral accepted to start including risk of energy price shocks on mortgage repayment. Will also include risks from more frequent & severe flooding. More ambition needed but shows necessary direction of travel [1]
bankofengland.co.uk
This market notice (the Market Notice) forms part of the SMF Documentation for the Bank of Englandās (the Bank) operations under the Sterling Monetary Framework (the SMF) and should be read in...
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Plenty to admire from Ben here as usual. The argument is of course right from first principle: 'experts' advise, 'democracy' decides. We should certainly be wary of technocratic answers to political questions. But I think the piece makes a couple of missteps along the way 1/
Iāve written for @thetimes about the election topic on everyoneās lips: the future role of the OBR. Lots of smart, thoughtful people think we should hive off more power to the fiscal technocrats. Iāve tried to set out why that makes me nervous.š§µ https://t.co/drzpBFS8VC
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The Bank of England needs to recognise that high interest rates are harming the green transition and making it more expensive. The BoE should introduce a green interest rate to make loans for green projects cheaper even while the main interest rate is high.
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Great to see @GordonBrown highlighting how Europe's fiscal rules will trap the continent in stagnation by prohibiting urgent and vital investment [1/2]
theguardian.com
Near-zero growth has crushed living standards across the EU, sending voters towards populist demagogues. But they have no solutions to offer, says former UK PM Gordon Brown
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We're 75% of the way to meeting our fundraising target - but we still need your help to cut the carbon emissions from flying in a fair way! Donate in the next two days and your gift will have double the impact.š
We are taking part in the @BigGive campaign and aiming to raise £20,000 to support the adoption of a Frequent Flyer Levy in the next parliament. Every gift that you make before Thursday 25 April will be doubled by @BigGive! Help us reach our goal at: https://t.co/U5IKlrBf2U
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The guiding mantra of the DWP when supporting people into work - Any job, Better job, Career (ABC) - can trap people in low-paid, insecure work My new @NEF blog explores how reforming ABC as part of a joint effort to help people find good jobs could unlock up to Ā£4.2bn/yearš§µ
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More details of how the policy would work in practice can be found here:
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Great to see the @FT exploring green interest rates, which @NEF has been advocating. They'd lock in lower finance costs for green investments, are already offered by Japan and China's central banks, and are supported by Macron and some ECB board members
ft.com
Also in todayās newsletter, exploring the debate around green interest rates
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Amazing to see Gordon Brown advocating for tiered reserves which we @NEF have been arguing for since 2022 š
āYou could probably raise over Ā£1bn maybe up to Ā£3bn⦠not paying what are quite high interest to the banksā Former PM @GordonBrown proposes withholding interest payments paid to banks on their reserves at the Bank of England to raise money and combat poverty #Peston
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NEW ANALYSIS FROM NEF: Child poverty has risen six times faster in the most deprived areas compared to the richest - our analysis of today's child poverty figures. Read the full analysis: https://t.co/MbSJZYD45b
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Earlier this week, NEF and over 50 other economists and experts called on the governor of the @bankofengland to reprioritise climate work. So, we welcome this news.
Yesterday, along with over 50 economists and experts we wrote to the governor of the @bankofengland calling on him to urgently reprioritise climate work. Read the letter in full: https://t.co/yqkfspOIlx
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