pmdfoster.bsky.social
Brighton-dwelling World Trade Editor at the Financial Times https://www.ft.com/peter-foster Sometime Brexit nerd & author of 'What Went Wrong with Brexit' https://t.co/VsIipD7JBr
👤 Joined on 13 October 2023
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@pmdfoster.bsky.socialAs this excellent FT report sets out, the gulf between the cautious reset and economic impact of Brexit is getting wider. www.ft.com/content/2007...
Show PostResolution has applied my model to data up to 2025. As the chart shows, we can be less confident as time goes on. But firm-level evidence from Bloom et al shows a 6% loss. I think it's time to retire the OBR's 4%, which was a simple average of pre-Brexit forecasts.
Show PostNew: 'Shark's fin' chart reveals the uneven impact of 'fiscal drag', the stealth tax beloved of recent chancellors. Plus use our interactive calculator to see how fresh freezes announced by Rachel Reeves at todays Budget could affect you on.ft.com/3KqOYUL
Show PostLords Heseltine & Kinnock seem more alive to these self-evident truths than most members of the Commons. Similarly, I find thinkers with direct lived experience of far right dictatorship, Greeks of a certain age for example, crystal clear about what’s happening now.
Show PostAnd sure why even drive when you can get on the hype-cycle and get some investors super rich.
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