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Faisal Islam Profile picture
@faisalislam
Aug 8, 2019 • 3 tweets • 2 min read • Read on X
PM has today sought to address one of the issues raised by Wellcome Trust in letter they wrote a fortnight ago about scientist recruitment...
PM gave this brief live address on Facebook in last hour after visit to Culham fusion reactor saying he was changing the immigration rules to attract foreign scientists - more on #BBCNewsSix shortly: facebook.com/10downingstree…
... there’s a red bus on the Number 10 mantelpiece....

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More from @faisalislam

Faisal Islam Profile picture
Mar 30
👀 From Navarro’s numbers auto tariffs will raise $100bn a year (on $240bn imports) can replicate this calculation by assuming all imports hit by 25% and then US manufactured cars taxed about half that to reflect foreign content…

No exemptions tho…

…that assumes no behavioural change.

Note: will be a lot of behavioural change in supply and demand.

also says tariffs in general will raise $600bn a year of $6 trillion over a decade.

As total goods imports are only $3 trillion a year… “Liberation Day” equivalent of 20% universal tariff??
👀

Indeed Washington Posts chief Econ writer reports President instincts are to go bigger on “Liberation Day” … are we underpricing the return of the universal tariff? It would explain the otherwise inexplicable Navarro numbers this morning,..

x.com/jstein_wapo/st… x.com/jstein_wapo/st…
Read 10 tweets
Faisal Islam Profile picture
Dec 2, 2024
NEW

Might remember I cornered Rwandan President Paul Kagame in January and asked if UK would get money back if no migrants were transferred to Rwanda… answer revealed today: Govt paid £715m so far until June of this year

“not recoverable under the terms of the Treaty” Image
Image
Image
terms of Rwanda deal are quite something…

In addition to £715m already paid, Treaty another £100m is due (will it be paid?)

also envisaged £120m bonus after 300 refugees “transferred”. And £20k per person payment.

And then further £150k per migrant payment over 5 years Image
IF a relocated migrant then relocated from Rwanda, UK government would then pay Rwanda £10k for that onward relocation (instead of the last payments above) Image
Read 6 tweets
Faisal Islam Profile picture
Oct 18, 2024
NEW

Treasury effectively confirms debt rule loosening, by announcing its new “guardrails” to channel capital spending goes to a 10 year pipeline of major projects that generate economic returns that will help “depoliticise infrastructure”

bbc.co.uk/news/articles/…
Their view is independent accountable bodies, either new or given new powers will set & implement a 10 year infrastructure strategy integrated with 2 year spending reviews, and audit this, and assess value for money ensuring capital investment generates clear long term returns…
Ministers now openly call the impact of the Sunak debt rule “a mistake”, that it constrained some much needed public infrastructure investment, while not stopping bad investment in failing projects… capital needs to be properly quality controlled not arbitrarily constrained
Read 10 tweets
Faisal Islam Profile picture
Sep 2, 2024
“One monopolist serves as a gatekeeper for the delivery of nearly all live music in America today”

- US Govt’s attempt to break up Live Nation-Ticketmaster announced in May in a court filing is quite a document… “platinum” pricing is mentioned 5 times … #Ticketonomics Image
Live Nation itself said this year that platinum pricing was in its 5th innings in the US but “in its first” in Europe and their intention to apply it “all along the way” until the concert “gates open up” is a “multi year opportunity to grow our top line/ bottom line”…
CEO Michael Rapino said earlier this year ”it’s just pricing smarter” & “it’s a skill” where LN/ Ticketmasters in-house team “works with artists, agents, managers” to “price the fronts better so the back sells out”… “rolling this around world” is “the great growth opportunity” Image
Read 5 tweets
Faisal Islam Profile picture
Jul 23, 2024
NAO confirms that HS2 without phase 2 will result in trains with less space between Manchester and Birmingham than current west Coast services, and might require demand management to dissuade passengers… bbc.co.uk/news/articles/…
Non-consensus view, but having sunk the costs of phase 1, and then committed to the hybrid bill for HS2 north… the cost benefit ratio of completing the bit between Manchester airport and Birmingham will be very high… would require political consensus to be re-established though
Who can forget the Perm Sec’s amazing document from last year.. the strategic case on rebalancing Britain “no longer applies”
Read 20 tweets
Faisal Islam Profile picture
Jul 21, 2024
Shadow Chancellor Jeremy Hunt acknowledges to @bbclaurak when asked if Conservatives had won whether there would have been tax cuts in Autumn that “we wouldn’t have been able to do it immediately, no”
…
most notable thing re: Chancellor interview with Laura is this unusual Treasury analysis due in next fortnight which will “look at the state of the public services, the state of the public finances…public spending pressures we are under”

Q: why isnt the OBR doing this?
While fiscally eventful, it is not going to be a “fiscal event”… when first announced by Chancellor on her first Monday in office it sounded more like an audit of stalled spending and impact on public services, than an audit of the public finances…
Read 6 tweets

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