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Rt Hon Steve Baker FRSA 🗽 Profile picture
@SteveBakerFRSA
Sep 9 • 8 tweets • 3 min read • Read on X
🇬🇧 The UK is in deep trouble - government overspending, state overreach, and failing public services.

🤝 That’s why today I am launching #FightingForAFreeFuture with the best pro-market talents in the UK. Let's bring prosperity back to the UK.

👇 fightingforafreefuture.com
✊ We need a complete paradigm shift. We need a British Javier Milei.

😱 The implication of the last Government Actuary’s Department review of the NIF is that the UK will effectively default on its welfare commitments, including those related to pensions, in less than 20 years. Image
🤦‍♂️ The collapse of the welfare state does not even account for a paralysed planning system, historic tax highs, declining productivity, & a persistent fiscal gap.

😵 And yet, the OBR’s Sept 2024 Fiscal Risks & Sustainability Report still projects govt spending to soar. Image
📈 Fighting for a Free Future is about securing a comprehensive and radical shift in how the UK operates.

❌ Our current problems are the result of decades and decades of a belief in the omnipotence of the state.

👉 We need freedom and free markets.
✍️ Learn more about our movement and subscribe to Voices for a Free Future with Steve Baker, where we lift the veil on how things in Westminster and Parliament actually work, and showcase rising stars in the free-market movement.

👇 voices.fightingforafreefuture.com/subscribe
🎧 Listen to The Insurgency with Steve Baker, the FFF podcast, where we will be sitting down with journalists, politicians, and leading thinkers in the free market movement to interrogate the public debate, find out why it so often fails us, and work out what we can do about it.

👉 The first episode launches on Friday. Subscribe now at podcast.fightingforafreefuture.com
🗽 Show your support for liberty - shop official Fighting for a Free Future merchandise:

👇
shop.fightingforafreefuture.com
🇬🇧 It is time for freedom.

🗽 It is time for free markets.

✊ It is time to join together and fight for a free future.

fightingforafreefuture.com

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More from @SteveBakerFRSA

Rt Hon Steve Baker FRSA 🗽 Profile picture
Jul 6
📣#IToldYouSo: “HS 2 appears economically irrational: it requires tens of billions of pounds to increase the UK’s transport capacity by about 1%. Less money could be better spent.”

📅 23 November 2010

hansard.parliament.uk/Commons/2010-1…
📰Via @thetimes, “The HS2 money train revealed — who’s made billions?”

😱”The Sunday Times breaks down the £38bn cost of the project, from billions given to construction giants to digging up graves and running sewing classes”

thetimes.com/uk/transport/a…
💡Time for @iealondon to add a new chapter to “They Meant Well – Government Project Disasters”

iea.org.uk/publications/r…
Read 4 tweets
Rt Hon Steve Baker FRSA 🗽 Profile picture
Jun 10
🏆This is an admirably bleak analysis of the UK's finances from @BBCPanorama and @BBCRosAtkins

☹️But it's not bleak enough: it does not consider the monetary aspects of our plight.

🧵
😱My paper for @axiombtc surveys the data and makes the argument that because politicians cannot face up to sufficiently cutting spending, we face currency collapse:

axiombtc.capital/honest
📺This documentary from @CobdenCentre is for a general audience:

Read 10 tweets
Rt Hon Steve Baker FRSA 🗽 Profile picture
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
Rt Hon Steve Baker FRSA 🗽 Profile picture
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
Rt Hon Steve Baker FRSA 🗽 Profile picture
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
Rt Hon Steve Baker FRSA 🗽 Profile picture
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
Image
Image
Read 12 tweets

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