James Meadway

@meadwaj

Economist. Former advisor to Shadow Chancellor ; former chief economist . Currently writing a book on an economy for the many.

Wigan. Essex. London
medium.com/@james.meadway
Se unió en junio de 2009
159 fotos y videos Fotos y vídeos

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  1. Tweet fijado
    16 mar.

    Written on economic impact of coronavirus: in sum, is not a mere recession & is bigger than 2008-9 because it chews away at most important institution in capitalism, which is labour market. Massive structural change needed - and will happen:

    21 respuestas 213 retweets 476 Me gusta
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  2. retwitteó
    hace 2 horas

    Intvs with and on both led on supposedly worrying amounts of debt forcing tough choices. They should instead have focused on ’s obs that government debt service heading for lowest level since the 1940s! There is no fiscal emergency.

    Debt has risen above 100% of GDP for first time since 1960-61, but the cost of servicing that debt falls to new historic lows.
    6 respuestas 40 retweets 78 Me gusta
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  3. retwitteó
    hace 12 horas

    Maradona on meeting the Pope in 1987: "I argued with him because I was in the Vatican and I saw all these golden ceilings and afterwards I heard the Pope say the Church was worried about the welfare of poor kids. Sell your ceiling then amigo, do something!" Rest in Power

    29 respuestas 1.321 retweets 7.106 Me gusta
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  4. retwitteó
    hace 10 horas

    For balance, this is how Maradona summed up Shilton in his book

    61 respuestas 560 retweets 4.683 Me gusta
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  5. retwitteó
    hace 14 horas

    Do you want to know about the spending review free from the ideological and incoherent analyses of Peston, Kuennsberg etc? Then check out on tonight's

    Robert, equivalent to almost the entire additional government debt this year has been bought by the Bank of England. Who, exactly, do you propose we repay...?
    2 respuestas 17 retweets 59 Me gusta
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  6. hace 14 horas

    Robert, equivalent to almost the entire additional government debt this year has been bought by the Bank of England. Who, exactly, do you propose we repay...?

    Which tier will you be in? Can we repay all that debt? Find out now
    6 respuestas 54 retweets 402 Me gusta
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  7. retwitteó
    hace 14 horas

    The Chancellor bottled it today in the by punishing public sector workers as well as some of the poorest people inside and outside our country instead of setting out a credibile plan for growth.

    5 retweets 13 Me gusta
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  8. retwitteó
    hace 18 horas

    Nothing sums up Maradona better than the streets of Naples. Every working-class district has its homage to him, decades after he left Napoli. The People’s Champ.

    139 respuestas 8.853 retweets 32.752 Me gusta
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  9. retwitteó
    hace 17 horas

    With public sector pay freezes and cuts to foreign aid, has Rishi Sunak's spending review shown him to be a typical Tory class warrior? | | LIVE at 7PM

    7 respuestas 24 retweets 38 Me gusta
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  10. hace 15 horas

    Cynical but probably not far off the truth.

    Chancellor will be quite happy that lots of coverage of this Spending Review is collapsing into a row about overseas aid. In contrast less focus on challenge of ending austerity, a plan to deliver levelling up via a fund run directly in Westminster or the tax rises to come
    3 retweets 23 Me gusta
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  11. retwitteó
    hace 20 horas

    I am struck by BBC reporters' continued use of household budget metaphors to describe the UK economy re. the spending review. That is a deeply political and contested framing that comes hand-in-hand with a pro-austerity argument. I don't think it is good analysis or "impartial".

    232 respuestas 2.506 retweets 11.551 Me gusta
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  12. retwitteó
    hace 18 horas

    It’s like watching someone steal your car, crunch the gears, never get out of first, and drive off in the wrong direction.

    Policies Rishi Sunak has borrowed from John McDonnell: - National Infrastructure Bank - Treasury HQ in the North - Rewriting investment rules to end London bias. Others that could follow: - Increasing corporation tax and taxing capital gains at the same rate as income.
    114 respuestas 1.245 retweets 6.760 Me gusta
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  13. retwitteó
    hace 21 horas

    The cut in the aid budget - made worse by no set date for restoration - is shameful and wrong. It’s contrary to numerous Government promises and its manifesto. I join others in urging MPs to reject it for the good of the poorest, and the UK’s own reputation and interest.

    2.571 respuestas 1.740 retweets 6.795 Me gusta
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  14. retwitteó
    hace 19 horas

    NEW on : There is no sense of a V-shaped recovery. We are on track for a low-growth, poor jobs year. A substantive fiscal stimulus could have brought us back on track, so public finances are backed by a strong economy. But didn’t deliver it. (1/3)

    2 respuestas 18 retweets 29 Me gusta
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  15. hace 19 horas

    This is a joke, I think...? Dodds has made correct calls this year in politically difficult circs & won meaningful concessions from government. Idea ditching Shadow Cx after big Tory fiscal event would somehow *help* Labour is just wild, crazy stuff.

    It’s been obvious for some time, but this has to be the end now. Dodds has a role to play in the shadow cabinet. But shadow chancellor is too big a brief at the moment. And the economy is too big a battleground. Starmer needs to make the change.
    9 respuestas 5 retweets 88 Me gusta
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  16. retwitteó
    hace 21 horas

    Can learn about how the economy and public borrowing works?! She’s spreading more myths and misleading the public with the “we’ve got no money left” rubbish. She’s not the only journalist to repeat these lies. We need to make official complaints

    57 respuestas 607 retweets 1.916 Me gusta
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  17. hace 20 horas

    This is perhaps the most important graph in the document - share widely. Interest rates are so low that despite the extra borrowing, we're paying less on interest than ever. We're nowhere near running out of money and there is no need for cuts. Share widely!

    Debt has risen above 100% of GDP for first time since 1960-61, but the cost of servicing that debt falls to new historic lows.
    34 respuestas 800 retweets 1.256 Me gusta
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  18. hace 21 horas

    We've not run out of money. The credit card is not maxed out. Interest rates for govt are close to the lowest in human history. And the Bank of England is issuing enough QE to cover the entire cost of borrowing this year.

    41 respuestas 801 retweets 2.964 Me gusta
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  19. hace 21 horas

    Plenty of commentators trying to talk up the "shock" of the figures. There is no "shock" here - we knew it was bad. The problem is that the government is failing to martch up to the challenges either now, or ahead.

    3 respuestas 5 retweets 62 Me gusta
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  20. retwitteó
    hace 22 horas

    We’re disappointed that and the Government did not take the opportunity of today’s to do the right thing and make the £20 uplift to permanent.

    1 respuesta 101 retweets 166 Me gusta
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  21. retwitteó
    hace 22 horas

    As the chancellor announces that increases to the minimum wage will be slowed down, a reminder that 9.4 million employees (including 3.7 million key workers) are paid less than £10 per hour. Everyone deserves enough to be paid enough to live on.

    16 retweets 38 Me gusta
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