Julian Harris
@hariboconomics.bsky.social
UK Economics Editor at Bloomberg News. Formerly of the Telegraph and City AM.
Reposted by Julian Harris
paper from @danneidle on the limitations of wealth taxes, which probably won't be popular on here but anyway
taxpolicy.org.uk/2025/07/22/u... (NB 'wealth taxes aren't a magic wand' does not='no wealth taxes'; more 'don't pretend that that you won't also need mid to high earner taxes')
taxpolicy.org.uk/2025/07/22/u... (NB 'wealth taxes aren't a magic wand' does not='no wealth taxes'; more 'don't pretend that that you won't also need mid to high earner taxes')
UK wealth tax: high risk and anti-growth
Claims of £24bn from a UK wealth tax ignore delays, capital flight (£200–£500bn) risks to growth and employment. Data, country evidence & better reforms.
taxpolicy.org.uk
July 22, 2025 at 10:52 AM
paper from @danneidle on the limitations of wealth taxes, which probably won't be popular on here but anyway
taxpolicy.org.uk/2025/07/22/u... (NB 'wealth taxes aren't a magic wand' does not='no wealth taxes'; more 'don't pretend that that you won't also need mid to high earner taxes')
taxpolicy.org.uk/2025/07/22/u... (NB 'wealth taxes aren't a magic wand' does not='no wealth taxes'; more 'don't pretend that that you won't also need mid to high earner taxes')
A neat reminder of why Labour MPs should stop demanding a wealth tax - in today's Money Distilled newsletter from @johnstepek.bsky.social...
www.bloomberg.com/news/newslet...
www.bloomberg.com/news/newslet...
Why Rachel Reeves Should Resist a UK Wealth Tax
It’s impractical, it’s self-defeating, and it would make Britain’s already narrow tax base even more fragile.
www.bloomberg.com
July 22, 2025 at 12:42 PM
A neat reminder of why Labour MPs should stop demanding a wealth tax - in today's Money Distilled newsletter from @johnstepek.bsky.social...
www.bloomberg.com/news/newslet...
www.bloomberg.com/news/newslet...
ICYMI - the brainchild of Labour's wealth taxes says the government has bungled the way it's imposed IHT on non-doms.
Nice exclusive by @philaldrick.bsky.social
www.bloomberg.com/news/article...
Nice exclusive by @philaldrick.bsky.social
www.bloomberg.com/news/article...
UK Inheritance Tax Surge on Rich Was Mistake, Policy Author Says
One of the architects of the UK Labour government’s flagship crackdown on the wealthy said it was a “mistake” to expose non-doms to an immediate 40% inheritance tax on their overseas assets.
www.bloomberg.com
June 19, 2025 at 8:21 AM
ICYMI - the brainchild of Labour's wealth taxes says the government has bungled the way it's imposed IHT on non-doms.
Nice exclusive by @philaldrick.bsky.social
www.bloomberg.com/news/article...
Nice exclusive by @philaldrick.bsky.social
www.bloomberg.com/news/article...
Great to work on today's exclusive Keir Starmer interview, with our political titans Mishal Husain and @alexwickham.bsky.social.
The PM says Britain has “grave concerns” about Iran’s nuclear programme.
“We absolutely recognise Israel’s right to self-defence”
www.bloomberg.com/news/article...
The PM says Britain has “grave concerns” about Iran’s nuclear programme.
“We absolutely recognise Israel’s right to self-defence”
www.bloomberg.com/news/article...
Starmer Says UK Has ‘Grave Concerns’ on Iranian Nuclear Program
Prime Minister Keir Starmer said the UK has “grave concerns” about Iran’s nuclear program and backed Israel’s right to self-defense, while calling for de-escalation in a conflict that risks engulfing ...
www.bloomberg.com
June 13, 2025 at 2:54 PM
Great to work on today's exclusive Keir Starmer interview, with our political titans Mishal Husain and @alexwickham.bsky.social.
The PM says Britain has “grave concerns” about Iran’s nuclear programme.
“We absolutely recognise Israel’s right to self-defence”
www.bloomberg.com/news/article...
The PM says Britain has “grave concerns” about Iran’s nuclear programme.
“We absolutely recognise Israel’s right to self-defence”
www.bloomberg.com/news/article...
Latest "wanna feel old" moment...
Hearing the shadow foreign secretary refer to @kateemccann.bsky.social as "a political veteran" on Times Radio.
Hearing the shadow foreign secretary refer to @kateemccann.bsky.social as "a political veteran" on Times Radio.
May 20, 2025 at 10:19 AM
Latest "wanna feel old" moment...
Hearing the shadow foreign secretary refer to @kateemccann.bsky.social as "a political veteran" on Times Radio.
Hearing the shadow foreign secretary refer to @kateemccann.bsky.social as "a political veteran" on Times Radio.
Reposted by Julian Harris
I was obsessed with Japan's dinky cars when I was there. The orange one was actually a teeny pick up -- adorable AND practical.
@chrismaxbryant.bsky.social is right: SUVs need to die. All hail the kei car.
via @opinion.bloomberg.com
www.bloomberg.com/opinion/arti...
@chrismaxbryant.bsky.social is right: SUVs need to die. All hail the kei car.
via @opinion.bloomberg.com
www.bloomberg.com/opinion/arti...
May 16, 2025 at 8:24 AM
I was obsessed with Japan's dinky cars when I was there. The orange one was actually a teeny pick up -- adorable AND practical.
@chrismaxbryant.bsky.social is right: SUVs need to die. All hail the kei car.
via @opinion.bloomberg.com
www.bloomberg.com/opinion/arti...
@chrismaxbryant.bsky.social is right: SUVs need to die. All hail the kei car.
via @opinion.bloomberg.com
www.bloomberg.com/opinion/arti...
Scammers are exploiting migrants by charging thousands of pounds for fake visas.
Our top feature today, great reporting by @lucygjwhite.bsky.social.
www.bloomberg.com/news/feature...
Our top feature today, great reporting by @lucygjwhite.bsky.social.
www.bloomberg.com/news/feature...
UK Visa Scams Squeeze Millions From Would-Be Care Workers
Recent changes to immigration policy won’t do anything for people who’ve been exploited while seeking jobs in the UK. But they may worsen the care-worker shortage.
www.bloomberg.com
May 16, 2025 at 11:41 AM
Scammers are exploiting migrants by charging thousands of pounds for fake visas.
Our top feature today, great reporting by @lucygjwhite.bsky.social.
www.bloomberg.com/news/feature...
Our top feature today, great reporting by @lucygjwhite.bsky.social.
www.bloomberg.com/news/feature...
Contrary to what many people believe, green taxes in Britain have fallen to the lowest level on record.
Spotted in the data by @philaldrick.bsky.social ...
www.bloomberg.com/news/article...
Spotted in the data by @philaldrick.bsky.social ...
www.bloomberg.com/news/article...
Britain’s Green Taxes Fall to the Lowest Level on Record
The UK government is collecting less money from green taxes than at any point since records began 28 years ago, according to the Office for National Statistics.
www.bloomberg.com
May 6, 2025 at 12:15 PM
Contrary to what many people believe, green taxes in Britain have fallen to the lowest level on record.
Spotted in the data by @philaldrick.bsky.social ...
www.bloomberg.com/news/article...
Spotted in the data by @philaldrick.bsky.social ...
www.bloomberg.com/news/article...
Was the Bank of England wrong to do so much QE during Covid? Megan Greene insists not, but says central banks should maybe use bond purchases "more sparingly" in the future.
Latest story from @tomreesjournalist.bsky.social's exclusive interview with Greene today: www.bloomberg.com/news/article...
Latest story from @tomreesjournalist.bsky.social's exclusive interview with Greene today: www.bloomberg.com/news/article...
BOE Should Consider Smaller QE During Future Shocks, Greene Says
Bank of England rate-setter Megan Greene said quantitative easing could be used in a smaller and more targeted way in the future amid criticism of its vast bond buying during the pandemic.
www.bloomberg.com
April 22, 2025 at 2:20 PM
Was the Bank of England wrong to do so much QE during Covid? Megan Greene insists not, but says central banks should maybe use bond purchases "more sparingly" in the future.
Latest story from @tomreesjournalist.bsky.social's exclusive interview with Greene today: www.bloomberg.com/news/article...
Latest story from @tomreesjournalist.bsky.social's exclusive interview with Greene today: www.bloomberg.com/news/article...
Blink and you'll miss it: this time yesterday, markets were pondering a whopping half-percentage-point cut to interest rates by the Bank of England next month. This morning, traders aren't even sure if we'll get a quarter-point cut.
FTSE 100 Live: UK Stocks to Jump as Trump Tariff Pause Sparks Huge Rally
FTSE 100 Live: UK Stocks to Jump as Trump Tariff Pause Sparks Huge Rally
www.bloomberg.com
April 10, 2025 at 6:54 AM
Blink and you'll miss it: this time yesterday, markets were pondering a whopping half-percentage-point cut to interest rates by the Bank of England next month. This morning, traders aren't even sure if we'll get a quarter-point cut.
S&P 500 is down more than 13% since Trump's inauguration.
For the same period after Biden's inauguration, it rose 4.4% — and that was during Covid.
For the same period after Biden's inauguration, it rose 4.4% — and that was during Covid.
April 4, 2025 at 2:40 PM
S&P 500 is down more than 13% since Trump's inauguration.
For the same period after Biden's inauguration, it rose 4.4% — and that was during Covid.
For the same period after Biden's inauguration, it rose 4.4% — and that was during Covid.
Reposted by Julian Harris
Trump’s tariff equation is nonsense, says @johnauthers.bsky.social. Here’s why 🎥
April 3, 2025 at 5:05 PM
Trump’s tariff equation is nonsense, says @johnauthers.bsky.social. Here’s why 🎥
Trump's trade war has many unintended consequences -- one of which is that we're starting to argue about Brexit again (yay...)
Today's Readout newsletter. Read and subscribe...
www.bloomberg.com/news/newslet...
Today's Readout newsletter. Read and subscribe...
www.bloomberg.com/news/newslet...
Julian Harris: Trump Tariffs Put Brexit Back in Spotlight
Business Secretary Jonathan Reynolds is an affable chap. Remember that cliché used to describe belligerent footballers over the decades — “he could start a fight in an empty room”? Well, Reynolds is t...
www.bloomberg.com
April 3, 2025 at 4:20 PM
Trump's trade war has many unintended consequences -- one of which is that we're starting to argue about Brexit again (yay...)
Today's Readout newsletter. Read and subscribe...
www.bloomberg.com/news/newslet...
Today's Readout newsletter. Read and subscribe...
www.bloomberg.com/news/newslet...
Nearly one in four (23%) Reform voters think Trump's tariffs will have no effect on the UK.
Via YouGov polling, just out.
Via YouGov polling, just out.
April 3, 2025 at 3:39 PM
Nearly one in four (23%) Reform voters think Trump's tariffs will have no effect on the UK.
Via YouGov polling, just out.
Via YouGov polling, just out.
Tesla sales drop 13%, worst than expected by analysts. Shares down nearly 6% in pre-market trading.
On @bloomberg.com now...
www.bloomberg.com/news/article...
On @bloomberg.com now...
www.bloomberg.com/news/article...
Tesla Sales Slump to Lowest Since 2022 Amid Anti-Musk Backlash
Tesla Inc.’s vehicle sales fell 13% in the first quarter, dragged down by the changeover of its most important model and international backlash against Elon Musk.
www.bloomberg.com
April 2, 2025 at 1:13 PM
Tesla sales drop 13%, worst than expected by analysts. Shares down nearly 6% in pre-market trading.
On @bloomberg.com now...
www.bloomberg.com/news/article...
On @bloomberg.com now...
www.bloomberg.com/news/article...
Stinging mini-review in the FT of Ash Sarkar's new book. "Moments of contrition at ignoring the voters are overwhelmed by philosophical contortions: this prominent leftwing commentator rails against divisive identity politics, except the bits she espouses."
March 31, 2025 at 9:04 AM
Stinging mini-review in the FT of Ash Sarkar's new book. "Moments of contrition at ignoring the voters are overwhelmed by philosophical contortions: this prominent leftwing commentator rails against divisive identity politics, except the bits she espouses."
I've written this evening's Readout newsletter about Rachel Reeves' headroom -- and how it could be well and truly wiped out by this time next week, due to higher gilt yields and Trump's trade war.
Free to read here (and sign up while you're at it):
www.bloomberg.com/news/newslet...
Free to read here (and sign up while you're at it):
www.bloomberg.com/news/newslet...
www.bloomberg.com
March 27, 2025 at 5:25 PM
I've written this evening's Readout newsletter about Rachel Reeves' headroom -- and how it could be well and truly wiped out by this time next week, due to higher gilt yields and Trump's trade war.
Free to read here (and sign up while you're at it):
www.bloomberg.com/news/newslet...
Free to read here (and sign up while you're at it):
www.bloomberg.com/news/newslet...
- Exorbitant housing costs
- Stagnant living standards
- Tuition fees
So why is Gen Z the most economically upbeat cohort in the UK? And why are 'Boomers so miserable?
By @tomreesjournalist.bsky.social on @bloomberg.com
www.bloomberg.com/news/article...
- Stagnant living standards
- Tuition fees
So why is Gen Z the most economically upbeat cohort in the UK? And why are 'Boomers so miserable?
By @tomreesjournalist.bsky.social on @bloomberg.com
www.bloomberg.com/news/article...
Britain’s Poorest Generation Is More Cheerful Than Its Richest
Generation Z faces stagnant living standards, sky-high housing costs and a flatlining economy in Britain today, and yet they’re less gloomy about their life prospects than the rest of the population.
www.bloomberg.com
March 19, 2025 at 10:02 AM
- Exorbitant housing costs
- Stagnant living standards
- Tuition fees
So why is Gen Z the most economically upbeat cohort in the UK? And why are 'Boomers so miserable?
By @tomreesjournalist.bsky.social on @bloomberg.com
www.bloomberg.com/news/article...
- Stagnant living standards
- Tuition fees
So why is Gen Z the most economically upbeat cohort in the UK? And why are 'Boomers so miserable?
By @tomreesjournalist.bsky.social on @bloomberg.com
www.bloomberg.com/news/article...
You're only supposed to blow the bloody doors off, etc etc.
Great scoop by my @bloomberg.com colleague Jamie Nimmo.
www.bloomberg.com/news/article...
Great scoop by my @bloomberg.com colleague Jamie Nimmo.
www.bloomberg.com/news/article...
Ratcliffe’s Ineos Recalls Over 7,000 SUVs After Doors Fly Open
Billionaire Jim Ratcliffe suffered a fresh setback at his money-losing auto business, recalling more than 7,000 vehicles in the US after customers reported that doors on their SUVs flew open while dri...
www.bloomberg.com
March 12, 2025 at 5:00 PM
You're only supposed to blow the bloody doors off, etc etc.
Great scoop by my @bloomberg.com colleague Jamie Nimmo.
www.bloomberg.com/news/article...
Great scoop by my @bloomberg.com colleague Jamie Nimmo.
www.bloomberg.com/news/article...
The UK's stats office has said it can't return to 9.30am release times for key data -- like inflation figures, and GDP -- because its website might crash.
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
UK Stats Office Defies Traders by Keeping 7 a.m. Release Time
Key UK economic data will continue to be released at 7 a.m., a blow to traders and investors who wanted the statistics office to revert to the pre-pandemic norm of 9.30 a.m.
www.bloomberg.com
March 10, 2025 at 3:36 PM
The UK's stats office has said it can't return to 9.30am release times for key data -- like inflation figures, and GDP -- because its website might crash.
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
The morning that Trump's tariffs come into effect, one of America's biggest retailers says it'll hike prices "over the next couple of days". This won't take long to be felt by voters, kind of fascinating in how it plays out. www.bloomberg.com/news/article...
Target Sees Flat Sales This Year, Warns of Risk From Tariffs
Target Corp. is projecting little to no sales growth this year, a concerning sign for a big-box retailer that’s struggling to shake off a lengthy slump.
www.bloomberg.com
March 4, 2025 at 1:35 PM
The morning that Trump's tariffs come into effect, one of America's biggest retailers says it'll hike prices "over the next couple of days". This won't take long to be felt by voters, kind of fascinating in how it plays out. www.bloomberg.com/news/article...
Reposted by Julian Harris
Donald Trump denounced Ukrainian President Volodymyr Zelenskiy as a “dictator” and ratcheted up pressure on Kyiv to accept the terms of a deal to end the war the US is negotiating with Russia
Trump Calls Zelenskiy a ‘Dictator,’ Broadens Attacks on Ukraine
US President Donald Trump denounced Ukrainian President Volodymyr Zelenskiy as a “dictator” and ratcheted up pressure on Kyiv to accept the terms of a deal to end the war the US is negotiating with Ru...
bloom.bg
February 19, 2025 at 4:44 PM
Donald Trump denounced Ukrainian President Volodymyr Zelenskiy as a “dictator” and ratcheted up pressure on Kyiv to accept the terms of a deal to end the war the US is negotiating with Russia