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, 4 tweets, 2 min read
1. The CBI's £196b figure is absurd - it adds a 30% mark up to asset values on "historical precedent" 🧐

2. The CBI report says it only looks at the costs not the benefits🤦‍♂️

3. The CBI uses private letters with Govt but a loudhailer with Labour. Why?🤔bbc.co.uk/news/business-…
Most people do not trust business. The CBI won't help this by releasing a report that is so biased that it is tantamount to fake news. theguardian.com/politics/2017/…
P.S. why is the enterprise value of utilities 30% higher than the valuation of assets?

1. Utilities are essential services and so enjoy an implicit guarantee from Govt (ie all of us as taxpayers)

2. Utilities are either monopolies or oligopolies so they extract economic rents.
So why on earth would the Govt pay out for its own guarantee or pay a premium for the very rent extraction that it seeks to stop?

This “research” from @CBItweets really is a disgrace.
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More from @TomKibasi see all

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Tom Kibasi
@TomKibasi
THREAD—BREXIT

There almost certainly won’t be a deal because Johnson’s proposals are neither realistic nor new. Bite me.

The deal they are talking about will wreck what’s left of British industry meaning both fewer good jobs and a balance of payments crisis.

(1/6)
It’s a plan for poverty for Northern Ireland when prosperity is vital for peace.

Even if double customs could work it would impose huge new frictional costs for business meaning competitiveness would be wrecked.

NI would be completely dependent on handouts from the UK.

(2/6)
It would mean a bonfire of workers rights. The plan removes level playing field protections laying the groundwork for a sweetheart deal with Trump.

Look forward to matching US workers’ rights: 10 days hols/year, no maternity or sick pay, & being fired on the spot.

(3/6)
Read 7 tweets
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Tom Kibasi
@TomKibasi
THREAD

We keep hearing about the risk to workers' rights and deregulation from a no-deal Brexit and a Trump trade deal.

But what does this really mean?

Here's a short thread that compares the United States and the UK.

(1/6)
First, in most of the US, employment is "at-will".

This means your boss can fire you at any time, with no notice, and for no reason.

Employers in the UK must provide workers with a contract and can't fire people for no reason.

(2/6)
Second, in the US there are no rights to annual leave.

The average American worker gets just 10 days holiday a year.

In the UK, workers have the right to 20 days annual leave plus 8 days of public holidays.

(3/6)
Read 6 tweets
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Tom Kibasi
@TomKibasi
THREAD on the leak that caused Sir Kim Darroch to quit

This is a theory from the very top of the civil service and diplomatic corps.

It’s an absolute classic of the British establishment.

(1/5)
The real target of the leak was not Kim Darroch but the Cabinet Secretary Sir Mark Sedwill.

In recent months Sedwill has told friends that he would like to be named as British ambassador to Washington—as part of a deal to quit at the end of Johnson’s transition to PM.

(2/5)
By forcing out Darroch now, Sedwill is effectively excluded because he needs to remain as Cabinet Secretary until the transition to Johnson is complete. Instead, Johnson will now name a new ambassador within a week of becoming PM.

So who has it in for Sedwill?

(3/5)
Read 5 tweets

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T. Greg Doucette
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Looks like a solid majority of you want a thread on defamation basics!

For the folks who picked Option 3, #Law140 is the hashtag y'all picked for what I'd dubbed Twitter University School of Law way back in 2016

So with that historical note out of the way, the next class of Twitter University School of Law (#Law140) is now in session!

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Joe Truzman
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#Report #Thread
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 This young man is Muhammad Sharif Badwan. He was killed East of #Gaza City at the Karni crossing after being shot in the chest by #IDF gunfire on Friday afternoon. #Israel
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Mr. Azam
@mrazamtweet
#b Excellence is overrated, competence is underrated.
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Mr. Azam
@mrazamtweet
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