Andy Bruce (Reuters)
@bruceandy.bsky.social
Bit of this, bit of that at Reuters.
UK economy and north of England correspondent.
☀️ Stockport ☀️
💬 Signal: bruce.369
UK economy and north of England correspondent.
☀️ Stockport ☀️
💬 Signal: bruce.369
Pinned
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Reposted by Andy Bruce (Reuters)
This is not suggestive of ‘build, build, build’.
UK construction employment was 2.05 million in 2025 Q3; 1.3% lower than in Q2 & 4.1% lower than in Q1, before the house building slowdown & employers’ National Insurance Contributions rise, & lower thresholds, in April, according to the ONS. (1/n)
#ukhousing #ukconstruction
#ukhousing #ukconstruction
November 11, 2025 at 10:23 AM
This is not suggestive of ‘build, build, build’.
Bank of England's @economistmeg.bsky.social says she isn't convinced policy is meaningfully restrictive and still troubled by household inflation expectations, firms' pay plans.
But she tells UBS conference that softer wage growth in today's data is "good news" from inflation perspective.
But she tells UBS conference that softer wage growth in today's data is "good news" from inflation perspective.
November 11, 2025 at 9:13 AM
Bank of England's @economistmeg.bsky.social says she isn't convinced policy is meaningfully restrictive and still troubled by household inflation expectations, firms' pay plans.
But she tells UBS conference that softer wage growth in today's data is "good news" from inflation perspective.
But she tells UBS conference that softer wage growth in today's data is "good news" from inflation perspective.
Duff-looking UK labour market data this morning.
Payrolls on a declining trend, unemployment rate hits 5%.
(usual caveats to both - former v prone to revisions, often upwards, and latter is drawn from the wonky Labour Force Survey)
Payrolls on a declining trend, unemployment rate hits 5%.
(usual caveats to both - former v prone to revisions, often upwards, and latter is drawn from the wonky Labour Force Survey)
November 11, 2025 at 8:31 AM
Duff-looking UK labour market data this morning.
Payrolls on a declining trend, unemployment rate hits 5%.
(usual caveats to both - former v prone to revisions, often upwards, and latter is drawn from the wonky Labour Force Survey)
Payrolls on a declining trend, unemployment rate hits 5%.
(usual caveats to both - former v prone to revisions, often upwards, and latter is drawn from the wonky Labour Force Survey)
Reposted by Andy Bruce (Reuters)
This looks rather meaningful.
November 10, 2025 at 9:40 AM
This looks rather meaningful.
Reposted by Andy Bruce (Reuters)
While going through the proofs for "The British General Election of 2024" (out very soon!) I came across this - Paul Johnson of the IFS's verdict on Labour's manifesto last year. Labour's current attempts to claim the need to break their tax pledges was impossible to forsee don't stack up
November 10, 2025 at 8:28 AM
While going through the proofs for "The British General Election of 2024" (out very soon!) I came across this - Paul Johnson of the IFS's verdict on Labour's manifesto last year. Labour's current attempts to claim the need to break their tax pledges was impossible to forsee don't stack up
It's Reagan that makes it
November 7, 2025 at 12:05 PM
It's Reagan that makes it
Reposted by Andy Bruce (Reuters)
The story of how a dilapidated Hammond Organ and the Shipping Forecast gave Blur the perfect ending to a perfect album.
timworthington.org/2024/07/10/l...
timworthington.org/2024/07/10/l...
Lot 105
How a dilapidated Hammond Organ and the Shipping Forecast gave Blur a perfect ending to a perfect album.
timworthington.org
November 7, 2025 at 8:07 AM
The story of how a dilapidated Hammond Organ and the Shipping Forecast gave Blur the perfect ending to a perfect album.
timworthington.org/2024/07/10/l...
timworthington.org/2024/07/10/l...
Not first order news... but interesting Bank of England Decision Makers Panel out today (a survey of companies that MPC members watch)
📉 Employment expectations turn negative (albeit slightly), 1st time since Nov 2020
📈 Wage, CPI expectations tick higher (latter highest since Dec 2023)
📉 Employment expectations turn negative (albeit slightly), 1st time since Nov 2020
📈 Wage, CPI expectations tick higher (latter highest since Dec 2023)
November 6, 2025 at 3:56 PM
Not first order news... but interesting Bank of England Decision Makers Panel out today (a survey of companies that MPC members watch)
📉 Employment expectations turn negative (albeit slightly), 1st time since Nov 2020
📈 Wage, CPI expectations tick higher (latter highest since Dec 2023)
📉 Employment expectations turn negative (albeit slightly), 1st time since Nov 2020
📈 Wage, CPI expectations tick higher (latter highest since Dec 2023)
Incredible
Meta earns $3.5 billion every six months from showing Faceboon and Instagram users 15 billion “higher legal risk” scam ad impressions a day, internal documents state.
That haul vastly exceeds how much the company expects regulators
To fine it for running scam ads.
www.reuters.com/investigatio...
That haul vastly exceeds how much the company expects regulators
To fine it for running scam ads.
www.reuters.com/investigatio...
www.reuters.com
November 6, 2025 at 3:50 PM
Incredible
Reposted by Andy Bruce (Reuters)
Meta earns $3.5 billion every six months from showing Faceboon and Instagram users 15 billion “higher legal risk” scam ad impressions a day, internal documents state.
That haul vastly exceeds how much the company expects regulators
To fine it for running scam ads.
www.reuters.com/investigatio...
That haul vastly exceeds how much the company expects regulators
To fine it for running scam ads.
www.reuters.com/investigatio...
www.reuters.com
November 6, 2025 at 11:46 AM
Meta earns $3.5 billion every six months from showing Faceboon and Instagram users 15 billion “higher legal risk” scam ad impressions a day, internal documents state.
That haul vastly exceeds how much the company expects regulators
To fine it for running scam ads.
www.reuters.com/investigatio...
That haul vastly exceeds how much the company expects regulators
To fine it for running scam ads.
www.reuters.com/investigatio...
Reposted by Andy Bruce (Reuters)
“We will never use the main tax levers at our disposal no matter how bad the fiscal picture gets” is a terrible message to give when you’re reliant on the confidence of bond markets. The political cost of not doing dumb things is surely a cost worth paying especially since they’re already unpopular.
November 6, 2025 at 10:42 AM
“We will never use the main tax levers at our disposal no matter how bad the fiscal picture gets” is a terrible message to give when you’re reliant on the confidence of bond markets. The political cost of not doing dumb things is surely a cost worth paying especially since they’re already unpopular.
Reposted by Andy Bruce (Reuters)
🚨🚨This is stellar investigative journalism by @kaitlintosh.bsky.social and @michelleinezsimon.bsky.social on how #elonmusk is boosting the #british right. 🧵 news.sky.com/story/the-x-...
Elon Musk is boosting the British right - and this shows how
Elon Musk is boosting the British right - and this shows how
news.sky.com
November 6, 2025 at 7:51 AM
🚨🚨This is stellar investigative journalism by @kaitlintosh.bsky.social and @michelleinezsimon.bsky.social on how #elonmusk is boosting the #british right. 🧵 news.sky.com/story/the-x-...
Reposted by Andy Bruce (Reuters)
i mean, gilt yields are pretty well behaved for a situation where apparently everyone in the City thinks we're gonna default
on.ft.com/43eNFhX
on.ft.com/43eNFhX
November 6, 2025 at 9:25 AM
i mean, gilt yields are pretty well behaved for a situation where apparently everyone in the City thinks we're gonna default
on.ft.com/43eNFhX
on.ft.com/43eNFhX
Reposted by Andy Bruce (Reuters)
Drop me a line if you:
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⚠️think an issue needs national press attention
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April 16, 2025 at 9:19 AM
Drop me a line if you:
💁have an interesting story to tell
⚠️think an issue needs national press attention
☕️have insight into big institutions or powerful people
🙊heard interesting rumours or gossip
DM/Signal in bio
@reuters.com has a long history of protecting sources
💁have an interesting story to tell
⚠️think an issue needs national press attention
☕️have insight into big institutions or powerful people
🙊heard interesting rumours or gossip
DM/Signal in bio
@reuters.com has a long history of protecting sources
Today I'm back from an extended period of paternity leave.
Trying to remember what the Bank of England does.
Thank you to the makers of 'Kojak', 'Ramsay's Kitchen Nightmares USA' and 'Four in a Bed' for the past few months.
Trying to remember what the Bank of England does.
Thank you to the makers of 'Kojak', 'Ramsay's Kitchen Nightmares USA' and 'Four in a Bed' for the past few months.
November 5, 2025 at 11:00 AM
Today I'm back from an extended period of paternity leave.
Trying to remember what the Bank of England does.
Thank you to the makers of 'Kojak', 'Ramsay's Kitchen Nightmares USA' and 'Four in a Bed' for the past few months.
Trying to remember what the Bank of England does.
Thank you to the makers of 'Kojak', 'Ramsay's Kitchen Nightmares USA' and 'Four in a Bed' for the past few months.
Democrats sweep first major elections of second Trump term - www.reuters.com/world/us/ele...
Elections in New York, New Jersey and Virginia offer early test of Trump's agenda
Voters in New Jersey and Virginia will choose their next governors in a pair of races that will serve as an early gauge of the American electorate's response to President Donald Trump's norm-shattering nine months in office.
www.reuters.com
November 5, 2025 at 7:19 AM
Democrats sweep first major elections of second Trump term - www.reuters.com/world/us/ele...
Reposted by Andy Bruce (Reuters)
What an absolute hero Samir Zitouni is - doubtless he saved lives that day
www.bbc.co.uk/news/article...
www.bbc.co.uk/news/article...
Train hero who saved passengers during attack named
The rail worker credited with saving multiple lives is named as Samir Zitouni.
www.bbc.co.uk
November 4, 2025 at 11:36 AM
What an absolute hero Samir Zitouni is - doubtless he saved lives that day
www.bbc.co.uk/news/article...
www.bbc.co.uk/news/article...
Reposted by Andy Bruce (Reuters)
🚨Budget preview🚨
The upcoming Budget is a make-or-break moment for the Government.
Read our preview of the key decisions facing the Chancellor now⤵️
buff.ly/XPioKOp
The upcoming Budget is a make-or-break moment for the Government.
Read our preview of the key decisions facing the Chancellor now⤵️
buff.ly/XPioKOp
November 4, 2025 at 8:00 AM
🚨Budget preview🚨
The upcoming Budget is a make-or-break moment for the Government.
Read our preview of the key decisions facing the Chancellor now⤵️
buff.ly/XPioKOp
The upcoming Budget is a make-or-break moment for the Government.
Read our preview of the key decisions facing the Chancellor now⤵️
buff.ly/XPioKOp
This strange photo has popped up as a "10 years ago" memory on my phone.
October 31, 2025 at 12:50 PM
This strange photo has popped up as a "10 years ago" memory on my phone.
Reposted by Andy Bruce (Reuters)
I can’t stress this enough: you cannot understand politics without reading this paragraph about why there’s no such thing as a 1/3rd pound hamburger
October 30, 2025 at 2:26 AM
I can’t stress this enough: you cannot understand politics without reading this paragraph about why there’s no such thing as a 1/3rd pound hamburger
Reposted by Andy Bruce (Reuters)
Lol I just asked Grok whether Grokipedia is more neutral than Wikipedia and even it can't lie about this
October 29, 2025 at 10:15 AM
Lol I just asked Grok whether Grokipedia is more neutral than Wikipedia and even it can't lie about this
Reposted by Andy Bruce (Reuters)
Elon Musk is once again inciting violence on British streets because the government has taught him there are literally no consequences for doing so.
They even carry on using his far-right social network to promote government policy as he does it. The absence of backbone is *astounding*.
They even carry on using his far-right social network to promote government policy as he does it. The absence of backbone is *astounding*.
October 29, 2025 at 9:48 AM
Elon Musk is once again inciting violence on British streets because the government has taught him there are literally no consequences for doing so.
They even carry on using his far-right social network to promote government policy as he does it. The absence of backbone is *astounding*.
They even carry on using his far-right social network to promote government policy as he does it. The absence of backbone is *astounding*.
Reposted by Andy Bruce (Reuters)
In the first half of this year, the income of President Trump's family business soared 17-fold to $864 million, based almost entirely on new crypto ventures that have been a magnet for overseas cash, a Reuters investigation found.
www.reuters.com/investigatio...
www.reuters.com/investigatio...
October 28, 2025 at 2:38 PM
In the first half of this year, the income of President Trump's family business soared 17-fold to $864 million, based almost entirely on new crypto ventures that have been a magnet for overseas cash, a Reuters investigation found.
www.reuters.com/investigatio...
www.reuters.com/investigatio...
Reposted by Andy Bruce (Reuters)
I think this is the weirdest story I've ever reported. www.londoncentric.media/p/terry-ball...
The snail farmer of London, his mafia friends, and a £20m vendetta against the taxman
Terry Ball runs elaborate mollusc-based tax avoidance schemes that are costing London councils millions of pounds. Yet when London Centric tracks him down, an even stranger story emerges.
www.londoncentric.media
October 18, 2025 at 6:00 AM
I think this is the weirdest story I've ever reported. www.londoncentric.media/p/terry-ball...
Reposted by Andy Bruce (Reuters)
Interesting and grim. I guess we move to a world where only videos from verified social media handle or verified handles of trusted media brand are taken at face value. Everything else might be fake.
.@georgefreemanmp.bsky.social was victim of an AI replica announcing his “defection” from the Conservative Party to Reform.
He writes for us on the law's inability to protect him
www.politicshome.com/opinion/arti...
He writes for us on the law's inability to protect him
www.politicshome.com/opinion/arti...
I was the victim of an AI deepfake yet the law was unable to protect me
We've allowed the growth of a dangerous digital space where pretty much anything goes.
www.politicshome.com
October 27, 2025 at 4:04 PM
Interesting and grim. I guess we move to a world where only videos from verified social media handle or verified handles of trusted media brand are taken at face value. Everything else might be fake.