Gov't hand over billions in bond payments every year to those that already have lots of spare £s, but no, it's the disabled who are 'gaming the system' 🤬

The markets work to ensure the rich stay rich. They don't give a shit about anything else.
Why would they 🤷

#RachelReeves
"The Govt won't borrow to fund day to day spending".

It doesn't and never has. It issues its own currency.

Treasury shouts and the BoE says how much.

Spending ALWAYS comes first. Even the BoE fessed up on this one 11 years ago.

This lie needs putting out of its misery.

I have yet to see a coherent argument showing how deregulation would not make the big players even bigger.

So Vodaphone and 3 have been given permission to merge.
Another example of how deregulation would increase the market power of the big players.

Big LOL 🤣

List of emissions by country, ordered by per capita emissions
Give a different perspective to heaviest individual use

Yes, useless ponzi.

Yes, I agree. It's either episode 189 or 190.

Get more from The MMT Podcast on Patreon creating a podcast to demystify economics

I enjoyed Sam Levey's (@slevey.bsky.social) podcast on moneyness on the MMT podcast.
www.patreon.com/c/mmtpodcast...

However, a decentralised consensus-based block chain has some decent use-cases.

Apparently, the £ like all other fiat currencies, is worthless 🤷‍♂️

Why are we still selling index-linked bonds?

www.msn.com/en-gb/money/...

Interest rates may need to be cut much faster than expected, says Bank policymaker - Property Industry Eye Interest rates may need to be cut much faster than expected, says Bank policymaker - Breaking news for estate agents and the residential property industry. Independent, unbiased, and factual reporting...

How many times have we heard the word 'unexpected' in relation to the BoE?

Interest rates may need to be cut much faster than expected, says Bank policymaker propertyindustryeye.com/interest-rat...

What is the output of a GP?
What is the output of a teacher?
What is the output of a healthcare support worker?

That was an example of a measure that is not comparable.
One amalgamated graph is not going to provide a meaningful comparison.

I am left angered by their money grabbing practices. I suspect many others could be 'pursuaded' to part with extra cash unnecessarily. They charge £150 per hour for the privilege of being ripped off. It's not the first time they've said I need new brake disks and pads either. End

They spoke as if the car would fail the mot if these weren't addressed. But I knew better. So after some management intervention they confessed. The tyre was no where near the wear indicator and the brakes were perfectly OK. The car would not fail the mot. 4/n

They quoted £340 for the discs and pads and £280 for the tyres.
I was suprised, I am no stranger to car maintenance and questioned the rear tyre. I was sure it wasn't anywhere near the west marks, I also asked what they meant by 'out of spec'? 3/n

So I booked my wife's car in for a service and MOT. They rang me mid morning with the pre-mot report. They said the rear discs and pad were just out of 'spec' and the rear tyre was needing replacement but I should replace both. 2/

I've had a run-in with my local Honda garage more than once.
This time they just lied, and if I wasn't clued up they'd have made £500+ out of me. 1/n

Not if the measures are different.
If you measure productivity of the public sector in terms of profit, it is meaningless.

I don't see how a meaningful comparism can be made as the KPIs are (and should be) different.

The 'cash' from tax revenues is deleted. It is never re-spent.

Nothing 'drains taxes'.
Taxes drain £s from the economy.

The logical fact is unspent income drives up 'borrowing'.
Bonds can only be bought with reserves arising from bank deposits that were not spent on anything.

This is a facsimile of the UK uni system.
Now it's all about bums on seats, the academic rigour has been relegated.
Academics are now 'told' to pass everyone from first year.

This is how the narrative ends up tying people up in knots.

I would classify that as a tax on crypto investors considering fiat currency doesn't survive contact with the issuer. Those $s are effectively deleted.

Hey Geoff, just joined the bluesky party, I'm here for the squash and biscuits LOL.
Would like to be added pls