New Economics Foundation | Change the rules. Share the wealth. Protect the planet.
Jan 25 • 5 tweets • 1 min read
Investing in public services isn't a tough choice. We need to remember our arbitrary debt and borrowing rules are set by the government itself and shouldn't be used as an excuse to cut our already decimated public services even further. (1/5)
The two major parties are committed to reducing the debt-to-GDP ratio, with the current government being committed to this happening within the next five years. (2/5)
Dec 15, 2022 • 10 tweets • 4 min read
The richest few are taking too much, leaving the rest of us struggling to get by, starving our public services of funds, and depriving us of the tools we need to tackle climate breakdown.
Here are 8 reasons to rebalance the economy and share the wealth we all create.🧵
1. While many of us struggle to put food on the table and pay our energy bills, top incomes have continued to soar.
FTSE 100 CEOs earned 118 times median salaries in 2022.
Dec 15, 2022 • 4 tweets • 1 min read
🚨The Bank of England has hiked interest rates to 3.5%.
This the wrong medicine for the problems our economy is facing. 1/4
Higher interest rates will do little to tackle the main causes of inflation (the high prices of imported food and gas). But they will put a further squeeze on our economy which is already entering recession. 2/4
Dec 14, 2022 • 4 tweets • 1 min read
We’re not out of the woods yet: even with this slight decline in inflation, prices are still rising much faster than incomes, so families will continue to suffer.
Two in five families will be unable to afford life’s essentials by the next general election. 1/4
This government’s autumn statement failed to address inflation.
Now this government and the Bank of England's misguided policy choices will mean rising unemployment and people struggling to pay their mortgages. 2/4
Dec 13, 2022 • 6 tweets • 2 min read
How do we build a social security system that makes sure everyone can afford life's essentials?
Today we've set out how a national Living Income would work - it's based around 4 key principles🧵1/6
1. Income protection should reflect what people need to have a decent standard of living.
This includes having a minimum income guarantee that no one can fall below - whether they're in or out of work. 2/6
Nov 30, 2022 • 5 tweets • 2 min read
There are 940,000 homes in England with damp and mould. That's nearly a million families at risk of serious illness.
As we've seen this month even housing associations are failing shamefully to protect tenants. How did we get here? 1/5 neweconomics.org/2022/11/the-vi…
Housing associations were originally set up for the public good, they were meant to provide us with safe, secure homes.
Now too many of them routinely ignore tenants who complain about unsafe housing. For Awaab Ishak and his family this failure had devastating consequences. 2/5
