Chart of the Day 🤓 Claim: Brexit reduced UK investment by "between 12% and 18%" (NBER Working Paper) Reality: UK investment initially underperformed after the vote to leave, but has already begun to recover as uncertainty has eased 👇 (oh, and look at Germany 🤔)

Incredible letter in @thetimes

The light that glows bright in the Middle East The UAE. Happy 54th to my friends, family and all of the Nation. 🇦🇪🇦🇪🇦🇪❤️❤️❤️

This Government found more money for benefits and illegal migrants. But not to get our courts sitting round the clock. So, today, David Lammy is scrapping jury trials for the vast majority of cases.

🗣️ 'I don't think the chancellor does politics very well... I watched her interviews over the weekend, and at times she looked spooked and haunted' Former Chancellor @nadhimzahawi tells @WilfredFrost how he thinks Rachel Reeves has done following on from her budget

David Sacks @DavidSacks is a throwback to the era of American greatness in which the most capable private sector citizens selflessly volunteered for government service in moments of peril for a dollar a day. He is a credit to our nation, and we need more like him, not fewer. 🇺🇸

Watch Mornings with Ridge & Frost live: https://t.co/RwKqrXWrxA Coming up on the show this morning… 🟠Chief Sec to the PM, @darrenpjones 🟠Author, @SalmanRushdie 🟠Former Chancellor of the Exchequer, @nadhimzahawi ➕ many more! Join @SophyRidgeSky and @WilfredFrost from 7am

This is like something out of South Park

I keep this on my desktop: “Words are innocent, neutral, precise, standing for this, describing that, meaning the other, so if you look after them you can build bridges across the incomprehension and chaos. But when they get their corners knocked off, they’re no good anymore. “I

Every word is true. Rest in eternal peace Sir Tom Stoppard. 👇🏼

This will be a tough weekend for the Chancellor. She knew almost six weeks before the Budget from the OBR there was no ‘black hole’. Yet she and the Treasury still stoked up the idea that there was — and it would take big tax rises to fill it. By Oct 31 she knew from the OBR

Last words from me for today on the gaslighting by the Treasury and No.10... The prolonged uncertainty ahead of the Budget had clearly harmed the economy. But confirmation that the markets and the public have been misled throughout the process will do more permanent damage to

The conclusion from this is that the circa £30bn in tax rises were not needed to fill in a mythical black hole but to pay for Starmer’s expensive decisions to reverse welfare reform, reintro the winter fuel allowance and scrap the two-child benefit cap. People might feel they

Five years ago Jamie Dimon, boss of JP Morgan Chase, world’s biggest bank, lamented Brexit and said he was looking to move the bank’s European operations out of London. This week he’s announced a new £3bn office tower in Canary Wharf for 12,000 staff.

Strong from Ed in here “I don’t remember a chancellor being less business growth oriented”. Not quite the message this government has been wanting to get across

A sobering chart from Martin Wolf (below). The gap between UK borrowing costs and other advanced economies isn't just persisting—it’s widening: A stark reminder of the "UK premium" currently baked into markets. This isn't just about debt service costs eating into the budget at a

The United States strongly condemns the terrorist attack against the Khor Mor gas field in Sulimaniyah. We join the Kurdistan Regional Government and other Iraqi partners in calling for immediate action by the Government of Iraq to hold accountable the perpetrators of this

Thank you, Ambassador Siddiq. We value the KRG-UK partnership and appreciate your sympathy. The UK could help. A British company has delivered an anti-drone system in Khor Mor — it's entirely defensive and jams incoming drones. Yet the system isn’t working because the UK

Quite a big correction by the OBR here. Reeves has nuked schools budget, but somehow forgot to mention it.

Political and economic insanity