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thomasaubreycca.bsky.social
Credit risk, asset allocation, infrastructure, productivity, liberalism. @lse-ei @imperialcollegeldn (CSEP), @bennettinstitute. Author & founder @ http://creditcapitaladvisory.com 歐 睿
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The continual HS2 overspend is a function of the governance crisis at the heart of infrastructure policy as the UK is a Herrschaftstaat where overcentralisation struggles with Hayek's knowledge question. European projects tend to follow an ordoliberal Gemeinschaftstaat as noted in my last book.

submitted 1 day ago • 0 comments

Thank you to Sir Peter Bazalgette writing to @financialtimes.com about my article. www.ft.com/content/e328... on how Gladstone had to extend the budget - paid by London households. The governance approach where the delivery body was also responsible for funding meant there wasnt an HS2 crisis.

submitted 1 day ago • 0 comments

China grants tariff free access to products from African countries. www.economist.com/middle-east-and-africa/2025/06/19/china-is-trying-to-win-over-africa-in-the-global-trade-war While Europe and the US continue with their costly agricultural protectionism...

submitted 3 days ago • 0 comments

As Labour look to resurrect PPP for infrastructure, it's worth remembering why Philip Hammond abolished it in 2018 www.theguardian.com/uk-news/2018...

submitted 3 days ago • 0 comments

Private finance for public service is back. How do we learn the lessons of past issues here? We produced an @nao.org.uk report drawing together lessons from 140 NAO reports on.ft.com/446gixl

submitted 3 days ago • 5 comments

“PPPs will be considered for projects and sectors where there is a revenue stream and appropriate risk-transfer can be achieved,” the government said on Thursday. ft.com/content/cb67... But PFIs like public corps can still default eg. Metronet. @pickardje.bsky.social‬

submitted 4 days ago • 0 comments

Looking forward to going through the government's 10 year infrastructure strategy www.gov.uk/government/n...

submitted 4 days ago • 0 comments

Interesting thread by @thomasaubreycca.bsky.social on his latest piece for the @financialtimes.com on how infrastructure such as roads and housing, could be delivered faster using the finance models of earlier eras. ⬇️

submitted 7 days ago • 0 comments

This is a really excellent piece in the FT today on how the UK could get out of its current "underfunded, badly delivered" infrastructure model on.ft.com/4jSU1sK

submitted 9 days ago • 0 comments

My FT article www.ft.com/content/4601... on why centralizing infrastructure investment via gilt financing will curtail growth and place greater pressure on the public finances. Instead the Chancellor can unleash billions in investment for large-scale projects using public corporations financed by

submitted 8 days ago • 2 comments

Good piece on infrastructure funding from @bennettinstitute.cam.ac.uk affiliate @thomasaubreycca.bsky.social on.ft.com/406QbFg

submitted 9 days ago • 0 comments

Yes to this by Thomas Aubrey on.ft.com/4jSU1sK Lessons from the Victorians for funding big projects

submitted 9 days ago • 4 comments

UK gilt yields wider by by 6 bps this am on rumours of "Spending Splurge". Will be interesting to see if this widens further during the speech.

submitted 12 days ago • 0 comments

UK government wants pension funds to invest in private markets BUT "Default risk top the list of concerns facing participants in the ever-growing private credit sector over the next six months" www.pionline.com/alternatives...

submitted 13 days ago • 0 comments

Excellent piece from John Plender "Maybe politicians would do better to focus on fostering enterprise than tinkering with pension funds’ asset allocation." www.ft.com/content/e67a... Increasing exposure to private markets will also increase credit risk, driving up transaction costs with banks.

submitted 14 days ago • 0 comments

Syria to be fully reconnected to the Swift international payment system in a matter of weeks www.ft.com/content/75a1...

submitted 14 days ago • 0 comments

No real surprises that planning approvals are down. ft.com/content/41e2... by @pickardje.bsky.social & @josephinecumbo.bsky.social If govt wants to accelerate housebuilding it will need to develop large scale urban extensions tightly integrated with transport & utilities infrastructure. This is why

submitted 16 days ago • 1 comment

UK Productivity Update! Between 2019-2024 productivity grew at just 0.4% pa compared to 2.6% pa between 1997-2006. www.bennettinstitute.cam.ac.uk/blog/accounting-firms-productivity-growth/ A disaggregation of the contribution by sectors reveals this performance has largely been driven by the public

submitted 20 days ago • 1 comment

Data shows that accounting firms exploiting new business models—using tech to automate many services & free up labour to support more value-added activities—are helping to boost UK productivity growth, writes @thomasaubreycca.bsky.social Here's how: www.bennettinstitute.cam.ac.uk/blog/account...

submitted 20 days ago • 0 comments

New blog: Innovative accounting firms are tapping into new business models & tech to boost productivity—automating routine work & freeing up time for higher-value services, writes @thomasaubreycca.bsky.social Here's how this shift could drive growth: www.bennettinstitute.cam.ac.uk/blog/account...

submitted 21 days ago • 0 comments

This could equally be seen as a good news story given that there is rising demand for science and engineering courses. This is a much easier fix than trying to get students interested in the courses in the first place. www.ft.com/content/f1c7...

submitted 24 days ago • 0 comments

The Liberal International Order has been unable to keep the peace due to the increasing conflict between different value systems... which why the global economic system is also unravelling...the imposition of tariffs are a symptom of this clash of values lipperalpha.refinitiv.com/2025/05/inve...

submitted 26 days ago • 0 comments

dieterhelm.co.uk/economics/th...

submitted 33 days ago • 0 comments