Ben Chu Profile picture
29 Apr, 4 tweets, 2 min read
Worth noting that the Biden Administration's policy on vaccines, as spelled out in his Congress speech on Wednesday, is almost literally "America first"...

"Every American will have access before"...👇

whitehouse.gov/briefing-room/… Image
...we can debate about whether the EU and UK are guilty of vaccine nationalism but there's really no question that, whether it's right or wrong, that's what we're seeing in the US.

Previous thread here elaborates 👇

...On this subject, this new @BBCTheInquiry episode by @kavpuri suggests one of the roots of the crisis afflicting India is the Delhi government relying *only* on domestic vaccine production - and failing to order further supplies from overseas...👇
bbc.co.uk/sounds/play/w3…
...In other words - not enough diversification.

Important lesson there for those tempted to think vaccine autarky (or any kind of autarky for that matter) confers national security

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Ben Chu

Ben Chu Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @BenChu_

30 Apr
A thread on the real world costs of government not being transparent.

🧵🦞

Last year the Shellfish Association of Great Britain @SAGB asked @DefraGovUK to provide full details of what it had been told by the EU about permissability of live exports to the bloc post-Brexit..1/
...Defra refused to pass on the details directly.

Instead, it gave a summary to the industry which turns out to have been incorrect.

Result: large quantities of live shellfish not being allowed into EU this year at huge cost to firms...2/
...Defra blames the EU for not being clear/covertly changing the rules.

The EU blames Defra for minsinterpreting the information it was given...3/
Read 5 tweets
18 Apr
How are UK manufacturing exporters coping with Brexit?

🪛📦🏭🧑‍🏭🚚🇬🇧🇪🇺

A thread...
....We had the bullish case from one of the UK’s most famous manufacturing entrepreneurs, Sir James Dyson, this week.

"We've got our freedom...“ he told the BBC...2/

bbc.co.uk/news/business-…
...And the official trade figures do suggest a reasonably strong bounce back of exports in overall manufacturing exports in February after the plunge in January.

So is all well? In a word: no....3/

ons.gov.uk/economy/nation…
Read 17 tweets
14 Apr
What’s the evidence for discrimination against Black people in the UK labour market?

A thread...🧵
...Why ask this question now?

Because the government's Commission on Racial and Ethnic Disparities (CRED) told a positive story of “overall convergence story on employment and pay” between minorities, including Black people, and the white majority...2/

gov.uk/government/org…
...But new research this week paints a very different picture of Black youngsters suffering far higher joblessness than whites in the pandemic...3/ bbc.co.uk/news/business-…
Read 21 tweets
14 Apr
What *are* all these emergency coronavirus business loan schemes?

And can we trust their integrity?

An @indypremium explainer 👇

independent.co.uk/independentpre…
...in a nutshell...
...Are they corrupted?

There have been many reports of bad loans arising from the schemes, based on estimates from BEIS, OBR & the British Business Bank that between 15-80% will not be repaid...

nao.org.uk/wp-content/upl…
Read 7 tweets
13 Apr
NEW: Bank of England chief economist Andy Haldane to leave the Bank in June and become chief executive of the Royal Society of Arts 👇 @bankofengland @theRSAorg Image
Significant move.

Haldane's got the highest profile of anyone at the Bank perhaps even including Andrew Bailey - & he came close to being appointed Governor himself last year...
....Also he's been most bullish voice on the Monetary Policy Committee about the UK economy's outlook - his departure will likely leave it with a more dovish complexion...
Read 7 tweets
13 Apr
Is the IMF's proposal of a solidarity tax on the economic winners of the pandemic a good idea?

Some analysis for me for @indypremium 👇

independent.co.uk/independentpre…
TLDR: Depends what the purpose is & how it's implemented.

Not needed for raising money for governments given low interest rates.

& obviously wouldn't help fill structural deficits if it is one-off..
...But if designed well could conceivably help social solidarity through some short-term redistribution.

Negative impact on entrepreneurial incentives probably limited given would be retrospective

& plenty of non-damaging historical precedents.
Read 4 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!