Matthew Lesh
@matthewlesh
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Country Manager (UK), @tweetfreshwater. Public Policy Fellow, @iealondon. Columnist, @CityAM. Fellow, @ASI. Author, https://t.co/r9rMd4nOy1.
London
Joined July 2008
🚨📈📉 NEW GRAPH: Inflation has risen by 80% since 2000. Highly regulated products like 💡 electricity, 🏘️ housing, and 👪 childcare have had rapid price increases. But... competitive and innovative markets like 📷cameras,👗 clothing, 🐻 toys have had price decreases.
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Reeves will be gone by Christmas
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Only 3 in 10 Veterans know about 0% down home loans. Join our mission to help veterans find their way home.
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lmao the government is about to go Full Truss aren’t they
When the dust clears on the Budget, it is clear we are hitting the nadir of relations between the OBR and the government It's not quite at Truss levels yet, but we are a long, long way from Reeves lionising the forecaster in the run-up to the general election and legislating to
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I always thought it was a little strange that British politics focused on ‘net migration’. Australia, when immigration is debated, it’s only ever inbound numbers that are the focus.
Net migration is a dreadful measure. Voter: "Hey, I'm concerned about the level of immigration." UK state: "Ok, I hear your concerns. Let's sort that out. How about if loads of young British people left the country? Would that make it better?" Voter: "No?"
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At no point did the OBR forecast the govt would miss its fiscal rules by a large margin. Reeves knew this when she gave that pre-Budget speech. Her credibility is shot. Her CV was a work of fiction, the "worst inheritance" a lie that demeaned Labour. But this is a new low.
🚨 Rachel Reeves has been accused of lying to justify her tax raid after it emerged she never faced a £30bn black hole in the run-up to the Budget. Read more ⬇️ https://t.co/EJlP77rHUb
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When Labour even loses The Guardian, they’re in big trouble.
STORY: The Office for Budget Responsibility has cast doubt on claims Rachel Reeves dropped plans to raise income tax in this week’s budget because of rosier forecasts, pointing out she knew about these well before the change of heart 👇 https://t.co/HvJFMYOc5z
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Lying to the public and manipulating the guilt market are resignation offences
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The govt hoped that spreading false fiscal black hole rumours would help lower expectations for the Budget and allow them to raise taxes to fund welfare — but instead they got in way deeper than intended, the speculation backfired and they’ve been caught out lying. Scandalous.
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Lying to the public and manipulating the guilt market are resignation offences
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The public were lied to
Millions were pitched punishing stealth taxes on the back of a downgrade in productivity forecasts But the OBR told Reeves said downgrade was offset by wage rises Chancellor continued the downgrade line publicly Now No10 spox denying the public were lied to
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If a publicly listed company behaved in this way — releasing contradictory and materially misleading statements with clear market implications — senior executives would be sacked and facing threats of jail time.
This timeline is bizarre bordering on manically dishonest from Reeves: 31 Oct: OBR reports no fiscal black hole, rather a £4.2 billion surplus due to higher than expected tax receipts. 4 Nov: Reeves holds emergency breakfast press conference to butter up the public for income
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If a publicly listed company behaved in this way — releasing contradictory and materially misleading statements with clear market implications — senior executives would be sacked and facing threats of jail time.
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This timeline is bizarre bordering on manically dishonest from Reeves: 31 Oct: OBR reports no fiscal black hole, rather a £4.2 billion surplus due to higher than expected tax receipts. 4 Nov: Reeves holds emergency breakfast press conference to butter up the public for income
The OBR's jaw-dropping revelation this lunchtime puts Reeves on course to go down as the most dishonest Chancellor we've ever had Snap analysis - https://t.co/doMJ0RpKOt
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Day-one unfair dismissal rights combined with a higher minimum wage and declining productivity would have left many workers struggling to find jobs. Who wants to take a risk on a new hire when, if things go wrong, you could face months of costly legal action, even if they’re
UK government drops plan to give workers protection from unfair dismissal on day one of new job in major U-turn
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These stories are precisely why Britain gets crap politicians. Stupid scrutiny over minor non-issues. Why would anyone want to run for public office?
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An MP spending a small amount of their office budget on a quality video camera to film content that goes viral reaching hundreds of thousands of people — is perfectly fine.
NEW: A Scottish Labour MP spent £1500 of taxpayers' cash on a fancy camera to film TikTok videos with Why should the public pay for vanity projects like these? https://t.co/6Q5ACVhhML
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The young workers who remain are being squeezed — with ever-higher taxes and lower quality services — to increase welfare and pensions pending for the elderly. The social contract is breaking down.
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This is pretty shocking — young, productive Brits in their prime are leaving in droves for better opportunities overseas.
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It’s mad that human rights law won’t protect trial by jury but could prevent nuclear regulatory reform.
John Fingleton’s review for the government of how to reduce unnecessary barriers and costs for nuclear power development is a tour de force, a compelling road map for how to accelerate important infrastructure investment in the UK - which is the sine qua non of improving growth
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