Ben Chu Profile picture
9 Nov, 5 tweets, 2 min read
NEW: Boris Johnson has “lost interest” in devolution of power in England, says devolution champion Lord Heseltine

My @Independent story:

independent.co.uk/news/uk/politi…
...Context: the Tory manifesto promised: “Full devolution across England” to enable “every part of our country…to shape its own destiny”

This was presented as part of Johnson's "levelling up" agenda...
...Former local government minister Simon Clarke said in July that a new White Paper would “connect local recovery with levelling up”...

Now Simon Clarke has resigned (personal reasons) & the White Paper has been postponed...
...and Lord Heseltine has heard this:

"The story I get is Number 10 has lost interest in devolution, that they are more concerned with a battle with the Mayor of Greater Manchester and the whole thing has soured"...
...Watch the full @CoronaNomicsTV interview with Lord Heseltine and Catherine McGuiness of the City of London Corporation here:

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More from @BenChu_

11 Nov
Thread on those EU trade deals with third countries the UK wants to roll over…

50 days to go ⏱️

15 still to go 🌎

Tariff threat looming for some £80bn a year of UK trade with countries ranging from Mexico to Singapore 💵
...1/
...I’ve had a look at the state of play for @Independent with @joncstone... 2/

independent.co.uk/news/uk/politi…
…Here’s the gaps and the size of the economic hole….2/ Image
Read 11 tweets
9 Nov
A thread about "Green gilts"…🌲🪙

So the Chancellor announced today that the government will launch its “first ever Sovereign Green Bond next year”…1/

gov.uk/government/spe…
…First what IS a Green Bond?

Well, it’s a bond raised to “fund projects to tackle climate change, finance much-needed infrastructure investment, and create green jobs across this country,” says the Treasury…2/
….But hang on, aren’t those the things this government has said it plans to borrow lots of money to spend on anyway? Yes.

So what makes a “green” sovereign bond different from any other regular sovereign bond?...3/
Read 10 tweets
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
Read 6 tweets
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
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...
Read 5 tweets
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

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