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praneshippr.bsky.social
Research Fellow at IPPR thinking about a fairer, sustainable and more productive economy
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Slowly but surely, the economy is growing. The pessimism post-budget seems to have been overplayed as firms prepared for the pain of higher taxes but couldn’t yet see the benefits of increased spending. The government needs stick to its guns says @praneshippr.bsky.social.

You can grow the economy and hit climate goals at the same time - the story below highlights some of the opportunities. The government could quite easily (and quite cheaply!!) provide the certainty and support manufacturers need through the Industrial Strategy www.ft.com/content/397c...

Thrilling, baffling yet energising - What fresh economic opportunities might Genghis Khan's monumental million-skull structure portend for Merv?

Scotland’s investment in subsea cable manufacturing is a clear example of green, growth-enhancing industrial policy in action. This is the route to a competitive, sustainable and prosperous economy built for the future www.ft.com/content/8ce0...

I agree with this: planning reform is good, but the constraint on mass housebuilding now is a lack of real resources: www.instituteforgovernment.org.uk/comment/gove...

UK needs houses, gigafactories, data centres, labs, railways and new grid. This needs construction workers/materials, which are in short supply. Are benefits of airport expansion worth the opportunity cost of sucking resources from these other growth-boosting projects right now?

A company that spent tens of billions of £ on share buybacks over the past 3 years is now making job cuts to recover its share price... It's almost like prioritising short-term financial results is actually a bad business model... www.ft.com/content/2245...

Today's monthly GDP figures show a 0.1% increase in real GDP in November - the first positive reading in 3 months. It's encouraging but far from outstanding, and very clear that interest rates have become a drag on growth. The Bank of England must cut rates ASAP

🚙 How can we make sense of the Vauxhall/Stellantis factory closure? First must avoid mixing up cause and effect, just because this is happening at the same time as the ZEV mandate doesn't mean it's the cause It's clear IMO that this has nothing to do with net zero regulations

- on.ft.com/4hZVGNj The world desperately needs a slump of Japanese length, to wring out this speculative excess

1/5 This WSJ article makes an important point: tax cuts promote growth mainly to the extent that they promote domestic business investment. This means that whether or not tax cuts are good for growth depends on underlying conditions. www.wsj.com/economy/why-...

After seeing @isabellamweber.bsky.social's work on sellers' inflation, headlines like this make me think similar dynamics are at work when it comes to tax rises as well. Could firms be building their margins by coordinating actions around a tax hike? feeds.bbci.co.uk/news/article...