juliancheyne.bsky.social
@juliancheyne.bsky.social
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If you want more of the nitty gritty details from this thread, give TIm's blog a read here: debtjustice.org.uk/blog/beyond-...
Beyond the UK budget: The global debt crisis we should be worried about - Debt Justice
UK government debt is not like that of lower-income countries. Interest rates are lower and debt payments that leave the country are low.
debtjustice.org.uk
November 20, 2025 at 11:48 AM
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BUT, the UK actually has the power to help fix this. Most of these private loans are governed by English law. A UK debt justice law could ensure lenders participate in fair debt relief.

If you haven't yet, sign our petition -> act.debtjustice.org.uk/canceldebt
Cancel Debt, Choose Hope
Join the biggest global movement for debt cancellation in twenty-five years. Campaigners and activists around the world are uniting to demand action on unjust debt. It’s a huge year for the campaign…
act.debtjustice.org.uk
November 20, 2025 at 11:48 AM
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Instead of seizing that opportunity, the government chose austerity. That was ideological, not economically required.

At the same time, private lenders were flooding lower-income countries with high-interest loans - creating the global debt crisis we’re seeing today.
November 20, 2025 at 11:48 AM
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Between 2008–2022, the UK borrowed at the lowest rates in its history. That was a once-in-a-generation chance to invest in social housing, insulation, renewables and public services.
November 20, 2025 at 11:48 AM
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Meanwhile in the UK, the real problem isn’t government debt - it’s political choices. Public spending per person has barely grown in a decade. Poverty remains high. Yet progressive taxation is avoided. Many people are struggling to pay bills. Its not a govt debt crisis, its a household debt crisis
November 20, 2025 at 11:48 AM
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That’s money that can’t go to hospitals, schools or climate resilience. The IMF has often demanded austerity instead of debt relief, causing cuts of

📚 16% in education
🚑18% in health spending.
November 20, 2025 at 11:48 AM
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For many lower-income countries, debt is owed to foreign lenders. This means scarce resources flow OUT of the country. On average, they spend 17% of revenue on external debt payments. Some spend over 30%. Angola for example, over 60%.
November 20, 2025 at 11:48 AM
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Another key difference: three-quarters of UK government debt is owed to people and institutions INSIDE the UK. Those payments stay in the domestic economy.
November 20, 2025 at 11:48 AM
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This gives the UK stability and flexibility most countries simply don’t have. Many lower-income countries owe debt in dollars/euros, which means currency shifts can EXPLODE their repayment costs overnight.
November 20, 2025 at 11:48 AM
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Yes, the UK’s interest payments have risen. But Britain still borrows at around 4.5% - far below what many lower-income countries face (9–14%). And crucially, the UK borrows in its *own currency*
November 20, 2025 at 11:48 AM
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Ahead of the UK budget, government debt has dominated headlines. Threat of a UK “debt crisis” is used to justify cuts in welfare and public services.

But the story is far more nuanced and the REAL global debt crisis isn’t getting nearly enough attention. @tim-jones6.bsky.social explains

🧵
November 20, 2025 at 11:48 AM
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Meet the world’s loan sharks 🦈👇🏾

💸 Fifty-four countries are in debt crisis - while private lenders make vast profits.

🚑 In Africa, 34 countries are spending more on debt than health or education.

It's time to #CancelDebtChooseHope for #DebtJustice

SIGN here >> debtjustice.org.uk/canceldebt
November 19, 2025 at 9:01 AM
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This is what many of us have been saying. Part 3 of the Planning & Infrastructure Bill is based on a myth: that we don't have enough homes because wildlife and green spaces are protected. It will solve nothing, and inflict terrible harm on our remaining ecosystems
www.theguardian.com/uk-news/2025...
Nature not a blocker to housing growth, inquiry finds
Commons committee report challenges ‘lazy narrative’ used by ministers that scapegoats wildlife and the environment
www.theguardian.com
November 16, 2025 at 12:12 PM
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Please be aware: We have been asking supporters to write to their MPs asking them to support Amendment 130. In the new list of amendments from the Government this is now Amendment 40

Debate begins today. Act now! act.bats.org.uk/urge-your-mp...
URGE YOUR MP to keep Amendment 40 in the Bill
The Planning and Infrastructure Bill is set to return to the House of Commons this week (week commencing 10 Nov). There is an opportunity to limit the damage the Bill will have but we need everyone to...
act.bats.org.uk
November 13, 2025 at 10:53 AM
Banks are making record profits while our bills go up! 😡 We need to tax bank profits and fund our NHS & schools. Sign the petition and tell Rachel Reeves to #TaxtheBanks you.38degrees.org.uk/petitions/ta...
#TaxTheBanks
Years of higher interest rates have sent our rent, mortgage, and debt payments soaring, while banks have raked in huge profits for doing absolutely nothing. The big four UK banks (Barclays, HSBC, Ll...
you.38degrees.org.uk
November 12, 2025 at 1:11 AM
£41 million! That’s how much more the Post Office has just agreed to pay Fujitsu to keep using the faulty Horizon IT system. It's a slap in the face to all those wrongfully convicted Post Office staff. Sign the petition now! you.38degrees.org.uk/petitions/ho...
Hold Fujitsu to account for Post Office scandal
£41 million! That’s how much more the Post Office has just agreed to pay Fujitsu to keep using the faulty Horizon IT system. And that's on top of another whopping £65m the Government paid the scandal ...
you.38degrees.org.uk
November 12, 2025 at 12:24 AM
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This is laudable. However, please do not include Hackney Marshes as a 'wild swimming' destination. The banks of the river are a SMINC. Even if sewage is reduced, the water is shallow and highly contaminated with leachates from bomb rubble buried underneath the marshes ⚠️
November 8, 2025 at 1:44 PM
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The definition of ‘grey belt’ is vague. This risks opening up Green Belt land to unnecessary development. We're supporting CPRE Hertfordshire's petition in calling for change. Sign the petition.

🔗 https://www.cpre.org.uk/news/help-protect-our-green-belt-petition-to-change-the-grey-belt-definition/
October 17, 2025 at 4:05 PM
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Wage war on nature to build new homes: that’s Labour’s offer, but it’s a con trick.

STOP the Planning & Infrastructure Bill ⚠️
www.theguardian.com/commentisfre...
Wage war on nature to build new homes: that’s Labour’s offer, but it’s a con trick | George Monbiot
The government’s new planning bill is tearing down environmental protections to benefit developers. This nation of nature lovers won’t stand for it, says Guardian columnist George Monbiot
www.theguardian.com
October 20, 2025 at 3:12 PM
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“Head of OFWAT hear us say, Thames Water NO way!”

OFWAT is considering allowing Thames Water to break the rules and dump sewage in our rivers and seas for the next 15 years.

We are outside OFWAT HQ to demand they say NO!
October 21, 2025 at 11:40 AM
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In our latest blog, we explore the flood risk associated with building on the Thames Water Depot and how the transformation of the site into @elwaterworks.bsky.social would mitigate flood risk - a fitting local response to a Climate & Nature Emergency

www.saveleamarshes.org.uk/2025/10/14/f...
Flood risk building on the Thames Water Depot
Google map illustrating the site’s proximity to the Old River Lea and Lee Navigation The following text is adapted from a speech that Save Lea Marshes was intending to give last year. Waltham…
www.saveleamarshes.org.uk
October 14, 2025 at 1:01 PM
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POWER STATION DOUGHNUT DAY SCREENING
POWER STATION DIY GUIDE
streetbystreet.power.film
October 16, 2025 at 7:49 PM
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"'Only a handful of North American athletes have spoken out against Israel’s assault on Gaza, a silence shaped by fear, sponsorship & the policing of speech." In this illuminating essay @nkalamb.bsky.social & @derekcrim.bsky.social talk to high-level athletes to figure out exactly why.
Ever wonder why so few athletes in North America have spoken about Israel's genocide in Gaza?

We did too... so we asked some to find out.

Answers include "fear of losing sponsorships," "the McCarthyist response from government,” and “Zionists gaslighting and doxxing people."
Most athletes have chosen to ‘shut up and dribble’ over Gaza | Nathan Kalman-Lamb and Derek Silva
Why have so few athletes spoken about Gaza? Fear of backlash, lost sponsors and being branded antisemitic all help explain the silence
www.theguardian.com
October 17, 2025 at 2:10 PM