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5 Nov, 4 tweets, 1 min read
NEW: Another £150bn of extra money printing announced by the Bank of England this morning: independent.co.uk/news/business/…
Unanimous vote in favour by the Monetary Policy Committee
Return to GDP contraction in Q4 seen by Bank of England:
seems to be about -2% Q4

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More from @BenChu_

Ben Chu Profile picture
5 Nov
🚨I'm told Ed Humpherson, Director General for Regulation at Office for Statistics Regulation (UK's statistics watchdog), spoke privately yesterday to @uksciencechief and @CMO_England to voice concerns about their presentation of modelling data at last Saturday's press conference
...background here
...statement from @StatsRegulation here...
Read 6 tweets
Ben Chu Profile picture
5 Nov
🚨Independent UK statistics watchdog criticises UK government for lack of transparency over publication of coronavirus modelling data, following complaints over charts shown by @CMO_England and @uksciencechief

Says modelling should be published when referred to publicly by officials, especially when it's guiding policy...
...remember that government has STILL not released its Reasonable Worst Case Scenario for Covid deaths that the Boris Johnson said we are exceeding...
Read 5 tweets
Ben Chu Profile picture
5 Nov
🚨BREAK: UK Statistics watchdog criticises UK Government for lack of transparency over publication of coronavirus cases data, following complaints over charts shown by @CMO_England and @uksciencechief
Says sources should be specified and models PUBLISHED if they are guiding policy...
the background is here:
Read 5 tweets
Ben Chu Profile picture
5 Nov
Wording of this Sun piece suggests Treasury briefed out the Bank's £150bn QE decision the day before - not a good look for the Bank's independence
Bear in mind that a Treasury representative sits in on the Bank's Monetary Policy Committee meetings - so they certainly know what decisions are coming
Asked about the Sun story at the press conference Governor Andrew Bailey says: "We will look into it"
Read 5 tweets
Ben Chu Profile picture
2 Nov
Surely it's time for @UKStatsAuth to get involved here?

Whatever you think of lockdown, the lack of transparency and dubious presentation of official analysis and the data driving policy has been a disgrace, & not just from Government but @CMO_England and @uksciencechief...
...Where are the labels for the deaths projections chart above?

....Where can people look at the underlying data?

And then there's the (apparent) selective choice of data in that chart (as pointed out by @danielhowdon)...

...cebm.net/covid-19/the-i…...
...What actually *was* the Reasonable Worst Case Scenario the Government says we are now surpassing? (as @d_spiegel has asked)

...Then we had the competing claims over hospital bed occupancy in the North West - where was the data?

The list of obfuscation goes on and on....
Read 6 tweets
Ben Chu Profile picture
23 Oct
This is very true from Declan - "Beveridge" has become a shorthand for progressive reform in contemporary debate - it's important to look at what he actually proposed in that report and why - and what wasn't actually implemented...
Crucially in the post-war UK system the rate of National Insurance jobless benefit was never set high enough to prevent poverty (despite what Beveridge wanted) which meant that the separate means tested system often kicked in and never withered away (as Beveridge expected)....
...there's more on this in the @indypremium piece...independent.co.uk/independentpre…
Read 4 tweets

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