A 🧵 about the numbers behind lifting the two-child benefit cap that @UKLabour says we can't afford.

TL:DR - the return on this spending means that the overall cost is effectively zero. Investing in social & public goods pays for itself by bringing significant financial returns Removing the two child cap from child and working tax credits will cost £2.8bn and reduce child poverty by 7.5%.

This is the equivalent of lifting 300k children out of poverty
policyengine.org/uk/policy?refo…

Long-ish thread on how @TheGreenParty should respond to the surge in energy prices:

*Why the sharp increase in energy prices is good for the climate emergency, but bad for household budgets*

(Or, the cost of living/energy crisis is really an incomes crisis) The phrase ‘rapid decarbonisation’ is muttered often by politicians, but what does a market for such a change look like?

Well, pretty much like the one we have now…

So "Mr 5%" throws up an interesting example of how @TheGreenParty and @UKLabour are very different.

If he earns £90k per year he will take home £1k less under Labour, but £1.4k more under the Green proposals.

Here's why... While @UKLabour are seeking to increase taxes on higher earning workers, @TheGreenParty are promising to increase the tax take from asset owners, landowners, polluters and tax avoiders.

Tax rates will mostly stay as they are.

Thread:

I have finally taken a look at @UKLabour 's detailed plans to get to net zero carbon by 2030. It is indeed bold, but I'm afraid it simply is not a serious attempt to make this happen

#ZC2030

labour.org.uk/wp-content/upl… @UKLabour It omits virtually the entire transport sector, which is the largest source of GHG emissions

They have committed t to swap most petrol and diesel vehicles for electric ones, but have not made sufficient provision for the increase in electricity production this would require