Brendan Scott
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brendanscott.bsky.social
Brendan Scott
@brendanscott.bsky.social
A Yankee in London. I manage UK economy and government coverage for Bloomberg News. Ex-SCMP, New York Post, Times Herald-Record. Opinions my own.
Reposted by Brendan Scott
Me and @philaldrick.bsky.social have published our exclusive probing what has gone wrong at the ONS. After speaking to lots of people and trawling docs, we found:
- A culture of fear stopped officials raising issues with the labor market data
- Insiders lament a number of missed opportunities. 1/2
Culture of Fear Blamed for Crisis in Britain’s Statistics Agency
A crisis around Britain’s employment statistics has been blamed on funding constraints, a lack of modernization and staff being afraid to raise problems, according to official documents and people fam...
www.bloomberg.com
December 3, 2024 at 4:34 PM
Reposted by Brendan Scott
EU proposes sanctions on Chinese firms aiding Russia’s war machine and dozens of oil tankers in Moscow’s shadow fleet www.bloomberg.com/news/article...
EU Proposes to Sanction Chinese Firms Aiding Russian War Effort
The European Union is proposing to sanction several Chinese firms that it claims helped Russian companies develop attack drones that were deployed against Ukraine.
www.bloomberg.com
November 25, 2024 at 9:30 PM
“We have the second-biggest pool of pension money in the world, and it’s not investing in productive assets in our economy,” BBB chief Louis Taylor tells @philaldrick.bsky.social www.bloomberg.com/news/article...
UK Funds Risk Tax Hit for Underinvesting at Home, Official Warns
The UK could claw back pension tax breaks from asset managers that fail to invest enough domestically, the head of the British Business Bank said in a warning about the stakes for the industry as the ...
www.bloomberg.com
November 24, 2024 at 12:35 PM