Rt Hon Steve Baker FRSA 🗽 Profile picture
Sep 26, 2020 4 tweets 1 min read Read on X
It is clearly wrong to compare the UK in 2020 to Mexico in the 1990s.

There is no evidence to suggest that a free trade deal between the UK and the US would lead to an increase in childhood obesity in the UK.
All of the companies mentioned in the paper currently operate in the UK and their products are available to UK consumers.

Given the fact that they are not imported, any free trade deal would have no impact on the availability of these products for UK consumers.
The UK government has repeatedly guaranteed that there will be no decrease in food standards as a result of any trade deal.

This included keeping the ban on chlorine washed chicken and hormone treated beef.
The UK’s  food standards will continued to be enforced by the independent experts at the Food Standards Agency and Food Standards Scotland.

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More from @SteveBakerFRSA

May 19
🇬🇧In negotiating this ‘reset’ in UK-EU relations, Keir Starmer has done exactly what he always intended: sat down on the EU’s side of the table and given them everything they wanted.

A thread… 👇

❌️This so-called “reset” isn’t diplomacy—it’s surrender. Sold as pragmatism, in reality it is a clear infraction of Britain’s interests and a betrayal of the referendum result.

👎The worst example? SPS alignment. Instead of mutual recognition like the EU-New Zealand deal, Starmer has locked us into the EU’s regulatory framework indefinitely—with no voice and no veto.
Read 11 tweets
May 9
❓How do dating apps change the early stages of relationships?
❓What do you think about AI?
❓What can we do to embed tolerance by design?
Read 4 tweets
Mar 20
😳Preparing to speak on Bitcoin later for @axiombtc, I found this note I wrote for @bankofengland almost ten years ago.

❓What’s changed? More QE…

🧵Five areas for serious thought

cobdencentre.org/2015/09/one-ba…
1️⃣Risk, risk modelling and incentives

Inadequate risk modelling follows as a consequence of the moral hazard implicit in the system.

VAR-based risk models have repeatedly been shown inadequate yet they legitimize under-provisioning for losses, thus increasing risk and inflating profits.

Leverage ratio regulation suffers from the epistemological problem of the social sciences so it is likely to fail.

The accounting provisions of IFRS in relation to mark-to-market and loan losses further promote risk-taking and instability. [I believe this phenomenon has been improved.]

Basel capital adequacy rules failed in the past and will fail again.

Authors: Kevin Dowd, Gordon Kerr, John Butler.
2️⃣Capital-based macroeconomics and the boom-bust cycle

CPI targeting is dangerously misplaced: consumer prices are the final signal at the end of a long production chain.

Monetary fluctuations have material effects on the real structure of prices and capital. Prices become detached from underlying realities such as resource availability, technology and consumer preferences.

Interest rate manipulation by authority discoordinates the economy in time by sending false signals about preferences for saving, borrowing, consumption and investment.

Authors: Jesús Huerta de Soto, Detlev Schlichter, John Butler, Roger Garrison, Kevin Dowd, Mises, Hayek, Steve Horwitz.
Read 10 tweets
Jan 22
📻Shortly, I will be on @TimesRadio to discuss Net Zero: times.radio

🧵References

📢My proposed strategy:

conservativehome.com/2022/02/23/ste…
🇬🇧On the available data, UK emissions are 0.81% of the global total

ourworldindata.org/co2-and-greenh…Image
Image
📈Between 2022 and 2023, total UK CO2 emissions were less than China’s annual increase: 305 million tonnes vs 550 million tonnes

Note ours decreased

[same source] Image
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Image
Read 12 tweets
Nov 22, 2024
🥀 What’s happening is the slow collapse of the post war social democratic system under the weight of state intervention, tax, debt and currency debasement.

💡Get the charts:

🔗 x.com/stevebakerfrsa… x.com/uklabour/statu…
Read 5 tweets
Feb 1, 2024
🇬🇧Yesterday was the 4th anniversary of the UK leaving the EU.

🌎Brexit has allowed us to unlock our international trade potential meaning that #Wycombe, #Bucks, #NI, and the rest of the UK have easier access to global trade.
👇Take CPTPP, for example, which I long advocated for the UK to join.

📊When the UK fully enters it later this year, our membership will deliver lower tariffs, easier connections, and better trade.

👏We will be the first European country to join #CPTPP.

🗣️I held a debate in Parliament on CPTPP in 2021.

“CPTPP can provide a better standard of living for people in the UK & across the original member countries. It can deliver free trade plus self-government in this great age of interventionism.”

hansard.parliament.uk/commons/2021-0…
Read 9 tweets

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