Filo25
@filo25.bsky.social
Center left NE Londoner, politics and Economics nerd. #LFC #NYGiants
That would be my choice as well
July 30, 2025 at 2:30 PM
That would be my choice as well
I mean there has been a retreat from globalisation for a while now, its not just a Republican phenomenon in the US, a lot of Dems are pro tariff "just not like this", Covid accelerated it as well, where people saw the risks of global supply chains, unfortunately that retreat brings more inflation.
April 6, 2025 at 12:02 PM
I mean there has been a retreat from globalisation for a while now, its not just a Republican phenomenon in the US, a lot of Dems are pro tariff "just not like this", Covid accelerated it as well, where people saw the risks of global supply chains, unfortunately that retreat brings more inflation.
Oddly enough they actually polled a hypothetical Sunak v Corbyn at the last election, Labour polled similarly with Corbyn, Tories polled much stronger v him as Labour leader. was actually neck and neck.
April 6, 2025 at 11:48 AM
Oddly enough they actually polled a hypothetical Sunak v Corbyn at the last election, Labour polled similarly with Corbyn, Tories polled much stronger v him as Labour leader. was actually neck and neck.
Its not even growing anymore to support some more speculative valuation
April 4, 2025 at 8:27 PM
Its not even growing anymore to support some more speculative valuation
Well he's not shy about talking up his credentials anyway, he has the natural ahem "confidence" of a former trader for sure
April 3, 2025 at 2:25 PM
Well he's not shy about talking up his credentials anyway, he has the natural ahem "confidence" of a former trader for sure
The one thing I hate about using global trackers for my pension, is being forced to hold Tesla at this price!
April 3, 2025 at 2:13 PM
The one thing I hate about using global trackers for my pension, is being forced to hold Tesla at this price!
You can run a campaign that way though and then find your hands tied in a lot of ways on manifesto promises, which is kind of where we are now
April 2, 2025 at 5:29 PM
You can run a campaign that way though and then find your hands tied in a lot of ways on manifesto promises, which is kind of where we are now
No easy answers on this one, it probably needs significant broad based tax rises to turn around public finances, that will be a clear breach of manifesto commitments and will get attacked from both left (magic wealth tax means this isn't needed) and right (its just being wasted)
April 2, 2025 at 1:22 PM
No easy answers on this one, it probably needs significant broad based tax rises to turn around public finances, that will be a clear breach of manifesto commitments and will get attacked from both left (magic wealth tax means this isn't needed) and right (its just being wasted)
I think it also reflects the views of the general population, I imagine this was focus grouped to death and the leadership was generally not comfortable with their electoral prospects if they went out promising significant broad tax increases to invest in the functions of the state. And here we are
April 2, 2025 at 1:13 PM
I think it also reflects the views of the general population, I imagine this was focus grouped to death and the leadership was generally not comfortable with their electoral prospects if they went out promising significant broad tax increases to invest in the functions of the state. And here we are
I mean they are cutting through because they are selling politically easy answers to tough problems (we can improve the state and it won't cost you a penny), who doesn't love that! I guess less "right" in that international history doesn't tell a great story of wealth taxes raising what was promised
April 2, 2025 at 10:26 AM
I mean they are cutting through because they are selling politically easy answers to tough problems (we can improve the state and it won't cost you a penny), who doesn't love that! I guess less "right" in that international history doesn't tell a great story of wealth taxes raising what was promised
Honestly its events as much as anything, the only easy economic solutions to the mess in public finances, is to clearly breach big manifesto promises, which they have been unwilling to do so far
April 2, 2025 at 9:33 AM
Honestly its events as much as anything, the only easy economic solutions to the mess in public finances, is to clearly breach big manifesto promises, which they have been unwilling to do so far
To be slightly fair here, people are saying that Trump shouldn't impose tariffs as they damage the US economy by increasing inflation and then say we 100% should do the same on US goods?🤔
April 1, 2025 at 4:34 PM
To be slightly fair here, people are saying that Trump shouldn't impose tariffs as they damage the US economy by increasing inflation and then say we 100% should do the same on US goods?🤔
I imagine anyone who has met enough traders, knows a few Garys
April 1, 2025 at 2:57 PM
I imagine anyone who has met enough traders, knows a few Garys
Was just over there on a work conference last week, we had a fair few travelling in from other countries and nobody had any issues. I do genuinely think its relatively rare.
March 31, 2025 at 12:21 AM
Was just over there on a work conference last week, we had a fair few travelling in from other countries and nobody had any issues. I do genuinely think its relatively rare.
Agreed but I think there is a fair point here that for most people Britain is not a super high tax country, on earnings.
We should really look at property taxes, but that is politically challenging
We should really look at property taxes, but that is politically challenging
March 31, 2025 at 12:17 AM
Agreed but I think there is a fair point here that for most people Britain is not a super high tax country, on earnings.
We should really look at property taxes, but that is politically challenging
We should really look at property taxes, but that is politically challenging
Because people have promised the world when introducing wealth taxes elsewhere, and they have generally raised a pittance compared to those promises.
March 18, 2025 at 10:02 PM
Because people have promised the world when introducing wealth taxes elsewhere, and they have generally raised a pittance compared to those promises.
We didn't ever really have true wealth taxes as far as I'm aware, Norway has one and raises a bit although not an obscene amount by any stretch of the imagination, not aware of any large amounts raised in the other Scandinavian countries, although they do have higher tax rates generally.
March 18, 2025 at 3:57 PM
We didn't ever really have true wealth taxes as far as I'm aware, Norway has one and raises a bit although not an obscene amount by any stretch of the imagination, not aware of any large amounts raised in the other Scandinavian countries, although they do have higher tax rates generally.
Well it's a politically easier way to claim you will do it anyway. From overseas experience it's not likely to raise anything like the sums claimed, but that never stops anyone claiming it can solve our fiscal woes.
March 18, 2025 at 2:03 PM
Well it's a politically easier way to claim you will do it anyway. From overseas experience it's not likely to raise anything like the sums claimed, but that never stops anyone claiming it can solve our fiscal woes.
Sadly yes, either politically or economically challenging!
March 18, 2025 at 11:37 AM
Sadly yes, either politically or economically challenging!
I don't disagree, economically highly desirable, politically "challenging"
March 18, 2025 at 11:34 AM
I don't disagree, economically highly desirable, politically "challenging"
Excellent piece from Gaby and sadly its unusual at present for being realistic that any tax rises will likely need to be broad based rather than just trumpeting a magic wealth tax as the solution to all our problems.
March 18, 2025 at 11:16 AM
Excellent piece from Gaby and sadly its unusual at present for being realistic that any tax rises will likely need to be broad based rather than just trumpeting a magic wealth tax as the solution to all our problems.
Which other countries have actually managed to raise big sums from a wealth tax? I know plenty have tried
March 18, 2025 at 10:15 AM
Which other countries have actually managed to raise big sums from a wealth tax? I know plenty have tried
How significant would the tax rises need to be to cover the gap? (I'm assuming significant additional borrowing would be challenging based on gilt yields)
March 18, 2025 at 9:13 AM
How significant would the tax rises need to be to cover the gap? (I'm assuming significant additional borrowing would be challenging based on gilt yields)