Discover and read the best of Twitter Threads about #SpendingReview

Most recents (13)

Looking forward to what should be an interesting discussion on how the aspirations of the #LevellingUpWhitePaper can be translated into meaningful change #WhatNextForLevellingUp
First panelist @KatieSchmuecker looks at the White Paper from the issue of #Poverty - says this is "not a White Paper for Poverty". The word only mentioned 9 times, mostly in the context of #FuelPoverty & international comparisons #WhatNextForLevellingUp
Schmuecker says #LevellingUp will not be achieved unless we meaningfully improve prospects of those at the bottom. Is sceptical that high productivity automatically means higher wages. Cites London which is the most productive, but most unequal, region #WhatNextForLevellingUp
Read 46 tweets
🧵MegaThread su analisi del conto economico (e non solo) della #Juventus. Il periodo in esame va dall'esercizio '16/'17 a quello del '20/'21 (ultimi 5 anni). Obiettivo: un investimento alla #Vlahovic è possibile? . NB: i dati riportati sono indicativi
#Panoramica: negli ultimi 5 anni, la Juventus ha conseguito utili nel solo '16/'17. Dopodiché, a seguito di due anni di perdite di entità contenuta, la crisi pandemica ha fatto saltare il banco, generando un effetto economico negativo di oltre 200mln nel '20/'21
Primo step, pesi specifici e rilevanza delle principali voci di #ricavo:

1) Proventi da Diritti TV/Media determinanti (40%). Circa la metà provengono da champions -> #ObiettivoMinimo
2) Plusvalenze hanno dato vita a circa 1/4 dei ricavi Juventus. Fondamentali, ma #sisapeva.
Read 28 tweets
🚨 JRF responds to today's Budget #Budget2021 #SpendingReview

@KatieSchmuecker "This is a tale of two Budgets for families on low incomes."

👉… A comment on today's Budget...
.@KatieSchmuecker: "For those in work, the change to the taper rate and work allowance, alongside the National Living Wage increase, are very positive steps, allowing low-paid workers to keep more of what they earn."
.@KatieSchmuecker: "But the reality is that millions of people who are unable to work or looking for work will not benefit from these changes. The Chancellor’s decision to ignore them today as the cost of living rises risks deepening poverty among this group."
Read 4 tweets
Looking forward to hearing about the pressures on #PublicServices after the #Coronavirus pandemic & what the Chancellor could do in the #SpendingReview to help to address them #IfGLive
First, @JeffreyMatsu gives an introduction to the Performance Tracker, and why it is important to share this data to help provide a snapshot of the state of public services & improve financial literacy across Government #IfGLive
Matsu argues that this can help to deliver on the #LevellingUp agenda as policymakers are able to make more informed decision & demonstrate the value of their decisions #IfGLive
Read 46 tweets
I’ve read some utter tosh on the state of the UK public finances in the last few days. Here's an attempt to correct some of the biggest misunderstandings.

Most importantly, government debt does not have to be ‘repaid’, only serviced... (1/19)

#SR20 #SpendingReview #RishiSunak
As long as the government can meet the interest payments (I’ll discuss the risks here later), maturing debt can simply be rolled over. (2/19)
This is what usually happens. The last time the UK ran a budget surplus was in 2000-01, since when public debt has increased by more than £1,700 billion. (3/19)
Read 19 tweets
“Even the most simple understandings are lost in the public debate about budget deficits and public debt. The Flat Earth Theorists who whip up deficit hysteria each day like to stun people with large numbers.”
“We would then learn that budget deficits are just the mirror image of non-government savings. Saving is usually considered to be something we should aim for. Increased wealth is also something we usually aspire to.”
“As a matter of accounting between the sectors, a government budget deficit adds net financial assets (adding to non government savings) available to the private sector and a budget surplus has the opposite effect. “
Read 11 tweets
FWIW, I’ve been comparing my UK economic forecasts with those of the #OBR. There is a much more positive story than the Chancellor told in Wednesday’s #SpendingReview #SR20 📢

Let’s start with the near-term outlook… (1/8)
The #OBR assumes that the economic impact of #lockdown2 will be ‘three-fifths’ that seen during the first lockdown, when #GDP fell by 25% in March and April. This means that lockdown2 would take the level of #GDP back to 15% below its pre-Covid peak… (2/8)
Given that #GDP was 8.2% lower in September than February, and assuming little change in October, this is consistent with a fall of around 7% m/m in November, which is what’s in the #OBR’s ‘central forecast’. This seems about right to me... (3/8)
Read 8 tweets
Our Executive Director Nigel Wilcock responds to the #SpendingReview: “There are no surprises in what the Chancellor has had to say, but like the household that avoids opening credit card statements, nobody wants to stare at the hard reality...." #economicdevelopment (1/4)
"Nevertheless, the funding review is disappointing in one regard irrespective of the financial black hole. The time has come for a different and radical compact between central and local government...(2/4)
"Small scale bailout funds for local government are too small to make a difference – but also completely miss the point. Covid has shown that local government is essential in delivering services for communities...(3/4)
Read 4 tweets
.@RishiSunak has announced that there is a focus on our public services (£3bn to local councils) in this #SpendingReview. @ODIHQ offers free tools to help these services use data:
The UK government has announced £280bn for #Covid_19 recovery in the #SpendingReview. @ODIHQ thinks that access to data is a key part of this recovery:
UK gov has announced funding for communities to pilot new programmes. @ODIHQ research shows that they should focus on enabling cities to access private sector data:… #SpendingReview
Read 7 tweets
📣 @alisonthewliss responding to Rishi Sunak's #SpendingReview:

"£29 million for a Festival of Brexit, while they let weans go hungry at home and abroad, just about sums this Tory government up."
📣 @alisonthewliss: "The Chancellor speaks about getting young people into jobs, but he utterly failed to address the problem of low paid, part time and precarious work.

What he should be announcing today is a real Living Wage for the under-25s." #SpendingReview
📣@alisonthewliss: "It feels like this UK government is punishing people for working in the public sector.

The absolute heroes who saw us through this pandemic have more than earned their fair pay." #SpendingReview
Read 4 tweets
A few big picture points to keep in mind as we listen to Rishi Sunak's #SpendingReview -
1. Successive Conservative governments have spent a decade levelling down the UK. Today's spending plans are an admission that they have taken us down the wrong road and caused damage #SR20
2. Any plans to level up the UK will fail without a proper strategy for poverty eradication, tackling low pay & job insecurity & redistribution of power. More on this in @CLASSthinktank recent publication here…
3. Any comparison between private & public sector pay is like comparing apples & oranges. Public sector pay freezes hurt the recovery under Osborne. Feels like groundhog day for those of us trying to rebut these arguments a decade ago, frustrating that gov still doesn't get it
Read 9 tweets
La @AIReF_es analiza siete tipos de incentivos, cuyo importe supuso alrededor de 2.000 millones de euros en 2018 #SpendingReview
La @AIReF_es concluye que los incentivos facilitan la obtención de empleo en épocas de crisis, pero los efectos son modestos y no perduran en el tiempo.Cree que hay que dirigirlos a colectivos específicos y homogeneizar los requisitos de las empresas beneficiarias #SpendingReview
La @AIReF_es reclama una mayor coordinación entre todas las administraciones y con las demás políticas activas, en particular la formación, y afirma que hay que realizar un seguimiento y evaluación continuos del sistema de incentivos #SpendingReview
Read 7 tweets
[thread] Una #rendita è per sempre? Nel corso del dibattito sul decreto #sbloccacantieri, è stato presentato un emendamento che farebbe inceppare la #liberalizzazione della notifica degli atti giudiziari. Vediamo perché mantenere questo privilegio medievale sarebbe assurdo 1/n
Antefatto: fino a due anni fa, la consegna a mezzo posta degli atti giudiziari e delle notifiche di sanzione era riservata PER LEGGE a @PosteNews. Non si trattava di un affidamento diretto, ma proprio di una riserva legale 2/n
In tutta l’Unione europea, una previsione simile esisteva, oltre che in Italia, solo in Portogallo e Ungheria. Per questa ragione, diverse istituzioni (tra cui @antitrust_it, @agcomunica e @eu_commission) hanno a lungo e invano raccomandato di rendere contendibile il servizio 3/n
Read 19 tweets

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