Side note: the new crop of undergrads were born in 2006-07, so teaching this stuff means finding ways to bring the pre-crisis era to life, for a generation who haven't seen either the politics or the economy be better

This thread is a masterpiece - chapeau, Zbig 😂

One additional observation: a process this dysfunctional burns so much goodwill between HMT officials and their departmental oppos. Once the dust settles you spend the next year trying to rebuild relationships and then do it all again

Starmer doesn't seem to realise that, if you consistently accept the way your opponents frame a question, you'll find it hard to reject the answers that they give.

If you keep telling voters that Farage is right in his analysis, it will be hard to persuade them that he's wrong in his prescriptions.

Wow. Every line of this

This initial wrecking phase may dismantle federal agencies, but I suspect next phase replaces them with privately-owned firms delivering what used to be public functions (thinking here of Brett Christophers' chapter on contract rents in the UK). So macro impact may be reduced, but social impact...