Um, a ‘jump’ of inflation to 2.4% doesn’t seem very high. More like a little hop.

The Multi-Billion Pound Budget Scandal (you've never heard of) The public purse is doling out billions in free money to the commercial banks every year, at the expense of our roads, schools, justice system – you name it.

Delighted that you’re drawing attention to this scandal, Richard! open.substack.com/pub/frapacio...

Exactly. And everyone should learn #MMT to understand what is and isn’t possible.

Exactly. And everyone should learn #MMT to understand what is and isn’t possible.

The ovine/bovine nexus working hard here.

Erm, Luther?

bsky.app/profile/frap...

What’s the word for that space where an ethnic group is corralled into a limited area and a controlling power says who and what can come in and out, and when? Starts with a G.

No one seems to have published a robust official total for how much has been extracted from the UK energy sector in dividends/profits since privatisation. But the available evidence points to a sum in the very large tens of billions — and quite possibly over £100bn.

Britain needs to treat electricity as critical national infrastructure, not just another market. That means tougher public control over pricing, investment and planning, so cheap clean power actually turns into lower, stabler bills.

No one seems to have published a robust official total for how much has been extracted from the UK energy sector in dividends/profits since privatisation. But the available evidence points to a sum in the very large tens of billions — and quite possibly over £100bn.

Country that lectures Iran on democracy arrests another 523 people for peacefully protesting The absurdity surrounding the UK’s treatment of Palestine Action and its supporters has reached new lows.

Country that lectures Iran on democracy arrests another 523 people for peacefully protesting
open.substack.com/pub/councile...

Spend, then tax and borrow – the 'back-to-front' truth of the UK government's finances... A short, step-by-step walk-through of how the government's finances actually work.

open.substack.com/pub/frapacio...

The same geniuses who think Trump, who dodged the draft five times, knows how to win a war also think Trump, who declared
bankruptcy six times, knows how to run the economy.
That's what Trump Derangement
Syndrome actually looks like.

Come on, Prem. You know that taxes don’t fund government spending. The super-rich definitely need to be taxed more but for other reasons e.g. they take a huge share of real resources; it helps reduce inequality; it helps reduce their ability to buy political influence.

How are we going to pay for it?
Money in the UK is legislated into existence. The secret of the Consolidated Fund is that the power of money creation rests with the legislative authority of Parliament, rather than the prior collection of Taxes.
A graphic novella...
#MMT

Read this👇🏻

Red tape slashed to let banks encourage savers to invest Financial firms given permission to offer customers tailored suggestions and nudge cash savers into the stock market

UK banks can nudge customers to invest in shares.

They will get commission, accept no responsibility for losses.

Only new shares provide money for investment. Secondary shares is just churn.

Another example of the state supporting finance industry, turning people into speculators
archive.ph/F9XNU

Zack in front of a hope is here sign.

🚨 First time in British history that a party to the left of Labour have topped a national poll.

💚 Hope is here. It's all of us.

✊🏼 Reject hateful, divisive politics - and let's make hope normal again.

Join.greenparty.org.uk

Aka the market state.

So Israel has now killed very nearly as many Lebanese as Israelis were killed on October 7, including 100 children and there’s hardly a word of condemnation other than from Carney and Macron. Why no international outcry at the ethnic cleansing that’s taking place.

Israel's new law mandating death by hanging for Palestinians is apartheid

Israel does not hang Israelis who kill Palestinians. It holds more than 10K Palestinians—including 1000 children—without charge or conviction.

Any politician or journalist who does not acknowledge this apartheid is complicit

CALL IT WHAT IT IS: APARTHEID Green Party Promoted by Chris Williams on behalf of The Green Party, both at PO Box 78066, London SE16 9GQ

Israel's new law imposing the death penalty on Palestinians convicted of fatal attacks is a dangerous development of its apartheid system.

It is discriminatory, racist, and cruel.

Expressions of concern are not enough. The Labour government must act to end Israel's impunity.

Inspections target smashed with 10,000 health checks on water network Environment Agency completes record number of water company inspections driving improved performance across the sector

Environment Agency uncovered over 3,000 breaches of pollution laws in a year by England water companies.

Companies have more than 1200 criminal prosecutions

None had licence cancelled.
No exec prosecuted.
Companies negotiate fines.
Fines waived or deferred.

Any pressure points for better conduct?

‘Discriminatory’ Israeli death penalty law would be war crime, says UN rights chief Volker Türk says bill, which applies to Palestinians convicted of terror charges but not Jewish extremists, must be repealed

Just yesterday the Netanyahu govt adopted a law to hang Palestinians who commit certain crimes in the West Bank but not Israeli settlers who commit the same crimes.

Why are we sending a blank check of billions of $ to a govt that pursues these & other blatantly racist policies?

The Self-Financing State A Layperson's Summary

How the UK government’s finances really work. Prepare to be surprised – shocked, even. substack.com/@frapacioli/...

Jeremy Bowen: Trump is waging war based on instinct and it isn't working One month into the conflict in Iran, Trump's gut-instinct approach is not proving effective, writes the BBC's international editor.

Excellent analysis from the BBC's Jeremy Bowen. www.bbc.co.uk/news/article...

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