Jamie Jenkins Profile picture
Nov 13 4 tweets 2 min read
🚨 | Jeremy Hunt - ‘We are going to see everyone paying more tax, we're going to see spending cuts’

Covid bill was always going to have to be paid back.

Dishing out furlough etc was never free - we have to start paying it back.

Cost of lockdown did go on too long.

#bbclaurak
The move from Sunak and Hunt also supports why there is a need for a general election.

No-one voted for either of them - the Tory membership rejected Sunak and the Tory MPs rejected Hunt.

They have no mandate to be governing the country.
Also imagine the extra cost if Hunt had more power during the pandemic.

He was falling for policies that would have had harder lockdowns with more costs.

The Bank Of England don't escape criticism either.

Printing loads of money while the country lockdown.

A key factor in the inflation.

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More from @statsjamie

Nov 13
Two ways to damage the economy & head towards a recession.

1️⃣ Reduce the amount of money in pockets to reduce spending - increasing tax and interest rates does this.

2️⃣ Increase Corporation Tax to discourage new business and encourage some to leave

UK doing both 1️⃣ and 2️⃣ 😡
Read 4 tweets
Nov 8
🚨 | In the past 25 weeks we have had 13,514 more deaths than we would expect for the time of year if the chance of dying was the same as pre-pandemic.

💥 Latest 4 weeks, deaths were 8.8%, or 3,730 deaths higher than what you would expect based on pre-pandemic death rates.

1/ Image
Looking at deaths from all causes, over the past 25 weeks deaths are above expectation for all age groups, except those aged 10-14.

The largest percentages above expectation are those aged 35 to 59.

Younger have fewer deaths so small fluctuations can impact percentages.

2/ Image
Excluding deaths where Covid is mentioned on the death certificate we see that there are fewer deaths than you would expect among those aged 75 to 89.

The highest % of deaths above average with Covid not mentioned on the death certificate are those aged 45 to 54.

3/ Image
Read 9 tweets
Nov 7
🚨 | Average consumer predicted to pay £3,702 in energy from April 23 up from £2,500 average cap.

Support to stop rise costs ~ £32bn per 6 months for households & £30bn for business.

Covid lockdown costs mean Government (us) skint and taxes set to rise.
current-news.co.uk/news/average-c…
Because successive Governments have failed on energy security we rely on foreign gas to power the nation.

This means a windfall tax is limited in what it can bring in.

#COP27 may lead to more countries wanting gas, pushing up price, to reduce emissions

statsjamie.co.uk/high-energy-pr…
Liz Truss had planned to support bills to the next election but this was scrapped by Jeremy Hunt.

He has said he will look at a package post April. This is expected to be more targeted which would reduce the cost to taxpayer to give to the energy companies.

We await the detail.
Read 4 tweets
Nov 5
🚨 | If the world grew more food, produced more energy, and stopped limiting oil production the #CostofLiving is fixed.

💥 Supply is reason for inflation not demand.

We don't suddenly want to eat more, use more energy or drive more.

Increasing interest rates don't fix it.
We do of course use more energy and oil than during the lockdowns imposed by Governments.

It makes me wonder if the companies are screwing us over for the money back they lost - its how business work.

But the world is not that much different to 2019.
As Mervyn King explains, printing load of money during lockdown a key problem in inflation.

Punishing families who work hard to buy a home is not the way.

Read 4 tweets
Nov 4
🚨 | Mark Carney former Governor of Bank of England blaming Brexit in #Inflation debate.

Spot the UK and EU countries.

What a clown 🤡

🇳🇱 Netherlands 16.8%
🇮🇹 Italy 12.8%
🇩🇪 Germany 11.6%
💶 Euro Area 10.7%
🇬🇧 𝗨𝗞 𝟭𝟬.𝟭%
🇮🇪 Ireland 9.6%
🇪🇸 Spain 7.3%
🇫🇷 France 7.1%
Ex-Bank of England chief Carney blames rising interest rates on Brexit mol.im/a/11390623
Read 4 tweets
Oct 31
🚨 | Small boat migrant numbers in 2022 are now higher than every other year before put together.

In 2022 so far we have had over 39,400, in 2019 it was 299.

The infrastructure cannot cope with the numbers to process and hotels costing circa £3.5bn a year.

#migrants Image
For context the cost to provide temporary accommodation alone is more than the £2.5bn top rate of income tax axe that Liz Truss announced.

That was unfunded which saw lots of criticism but yet the UK is expected to just keep finding more money for this.
Albanian nationals became the largest group arriving in small boats across the channel in Q2 2022 - accounting for 26%.

Read 4 tweets

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