Finance experts debunk Jacob Rees-Mogg's economics in select committee
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- เผยแพร่เมื่อ 12 ต.ค. 2022
- Jacob Rees-Mogg's claims about the government's self-inflicted economic meltdown are debunked by experts at the Treasury select committee.
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So essentially the UK government did the opposite of what was needed at the worst possible time. Got it.
it's run by a bunch of out of depth loonies, a general election genuinely couldn't be needed any sooner
They did the opposite of what was expected as opposed to what was needed.
They felt the Need to remove the top rate of tax, the market did not expect that as it left a large tax hole in revenues.
Just poor governance really they could have done this but they needed to make it a complete package.
Question is do we really want that sort of people in charge who cannot see what was going to happen.
bUt LabOUr WOulD Be WoRSe!! 💩
Yes & we could have borrowed at under 1% interest months ago but truss kwasi borrowed at more than 4% for no reason other than help already obscenely rich & put it on public. Brexshit disaster was already killing the UK.
@@liz9147 tHaTs RiGhT tOrIeS aRe ThE pArTy Of FiScAl ReSpOnSiBiLiTy 🙃🤡💩
Not for the first time Jacob Rees-Mogg misleads the public!
Who on earth needs to listen to these self-proclaimed 'experts' when Fracking Smug is there to tell you something different?
He’s made a career out of it 🤷♂️
I've never seen him be sincere or tell the honest truth in his entire life... The guy is a relic from a by-gone age... one that passed nearly few thousand years ago
Has his own hedge fund. He needs to investigated on any profit made on the fund over the last month.
Jacob "Loves a loan" Mogg. Trying to give advice on finance while he fiddles with his own tax through loans and people wonder why they don't trust him. He is just poison.
You get more realistic answers in a select committee,than in PMQ’s time.❤️❤️❤️❤️❤️❤️.
More than that you get answers related to the questions being asked.
Definitely!
This is what happens when you have a corrupt government filling there own pockets and pockets of there mates and who suffers the poor 🇬🇧🇬🇧
you are BANG on me and my work colleagues have all had enough of these Tories filling there own pockets on the backs of us workers
Exactly.
It's blatant criminality. Rhys Mogg needs throwing in prison.
and who elected this government ?
@@flagellumdei2118 Members of the tory party.
Trusting Mogg is like trusting Jimmy Saville with your kids
😂 😂 😂 😂 😂 😂 😂 That was funny
The Queen did.
The dead one.
You have to wonder what the people are like in NE Somerset who keep voting for him.
Kier starmer was responsible for letting Saville off the hook in the first place!
Worse!
The media isn't ruthless enough with its interviewing. JRM lies in every interview he has and nobody holds him accountable.
Its the most frustrating thing with British media. They act as if calling out someone's lies (many of them blatant) makes them biased, being unbiased is calling out anyone who lies left or right. Instead they nod their head and act like its a difference of opinion
@renideo Then they're not good at their jobs is what I'm hearing. They have entire 24 hour news teams but the journalist can't google things before hand? Get a cursory understanding of what they should be talking about or just ask the common sense questions that's been in the news. Get a colleague who's an expert to suggest some questions.
I've seen mainstream journalists ask politicians asinine questions about what they like to eat for lunch rather than policy.
I agree 100% British Rose. He goes on to interviews with leave tories like Kay Burley, Nick Ferrari whom both know what he’s saying is on the whole bollox. People think because he is in the main polite and speaks that way, what he says is beyond reproach and the truth is he is an habitual liar.
because we have accepted that he's not quite right in his head.
@@bd1845 even lied directly to the Queen.
How refreshing to see top level experts discussing reality, calmly and clearly.
Makes a change from the utter undiluted horse pizz spouted by the nutters in charge
Makes me wonder why experts aren’t in charge of our country…
@@storms9023 because they are capable of "doing the thing" rather than persuading people to do "a thing"
Trusting Mogg is like backing 3 legged donkeys in a horse race.
... Against a pack of cheetahs
Pin-stripe moggie gradually running out of road. Any chance of the good folk of North Somerset voting for the Lib Dems next time?
@@ArtyFactual_Intelligence Or just anybody that isn't Tory would be nice. I live near Birmingham in a small town and it's piss poor. Yet people vote Tory? Like are they stupid or something?
@@MattitudePlays You live in Birmingham where there is rampant gang crime and wokeism. I hate the Tories but compared to Labour they are a dream.
@@MattitudePlays. I know people on minimum wage zero hour contracts that visit food banks twice a week and they still vote Tory. Talking to them is pointless they will not understand.
Look at 3.53. Sanjay Raja. Chief UK Economist for Deutsche Bank. Discusses the reasons why the UK economy is not performing as it should. And the main reason is lack of trade which has been as a result of Brexit. Who would have thought ...
The only developing nation to impose economic sanctions on itself...and people still think brexit is great
Trade balance isn’t a direct impact of one policy, or being removed from one market.
Internationally everything is fucked because everybody borrowed to support their own micro economy during covid. When there’s that many micro changes, macro economies suffer… and that is where we are.
Even Sanjay said… small moves or surprises nationally have had a big impact internationally!
@@alexandermills2330 he did say that the part unique to the UK and why we are doing particularly bad was due to Brexit
@@alexandermills2330 I was referring to what Sanjay was saying about there is an idiosyncratic UK specific component, that is the trade shock that the UK uniquely faces. That part of the discussion is Brexit. And he admits it.
It's Ok. Boris is gonna repaint the red bus as a Blue London Bus.
This also begs the question as to why people without expertise are running things.
So they can say "Oh dear, we did a whoopsie." As they tip the taxpayers coffers into their mates pockets.
Pretty obvious answer: they got rid of all the competent conservatives because they didn't believe in Brexit.
That's brexit for you.
In 2019 Boris Johnson essentially had a purge and removed competence to replace it with loyalty to brexit.
That was when the Tory party started falling apart. They're driven by an ideology that does not work in the real world, but they won't listen
Ive always wondered what qaulifications these so called leaders have to warrant them holding the position they do. Remember chris grayling running prisons into the ground one year then running uk transport the next, it beggars belief
Absolutely correct isn’t it funny that pretty much any other job you have you need qualifications to do that job but to be a politician you don’t need any at all ? Change is needed in government and not just a party change but where politicians are actually qualified to do the job that they are put to
Fiscal event= Governmental Budget fuckup.
=short selling government
It's a special budgetary operation
@@j.a.motteux2785 well played lol
It's almost like trying something risky was a bad idea when the world is in the midst of an economic downturn.
Who could possibly have predicted that eh, Certainly not that tory clown show.😁😁
The question that hasn’t been asked is… if the chancellor isn’t completely inept and by all accounts he isn’t and neither are his advisors, then why would someone carry out these actions, if we assume they were fully aware of the potential consequences. These are not stupid people, they are very closely linked to large financial institutions. I am not a hedge fund manager, but if I knew the market was about to erupt into volatility it would be an early Christmas.
I think we need less focus on the party politics of why it’s obviously a bad idea for the nation and why they are all strangely incompetent at economics and start looking at what they are actually doing.
If a competent boxer keeps making amateurish mistakes in every fight and is knocked out in the first round of every fight, perhaps someone is paying him to take a dive?
I thought as soon as I heard the mini budget, the scrapping of the windfall tax and 45p tax sounded so much like favours for favours by Truss for the people who got her into #10.
Yes, very true.
@@kps.77 more than favours, effectively saying guys for a lark I'll tank the pound tomorrow, load up on shorts. You may also want to dump gilts wink wink. If the outcome is so obvious when the event occurs an element of guilt and deliberate action has to be assumed. If I drive at 100mph through a village and kill a granny I don't get away with it if I say, external events lead to that granny being in the wrong place, I was taking the right kind of risks to get somewhere important quickly. No. You're guilty of a serious crime.
Precisely my thoughts.
Its as though Truss was enacting the policies which would neatly suit the agenda of her WEF sponsors. I think this is the 'someone' you are alluding to.
Very wise....the question should indeed be "what's the agenda here", look into what entities Liz et al are associated with and you'll get your answer. It's all connected as so often these things are. Unless everyone thinks that despite all these highly educated "experts" being at the helm to steer the ship, they continue to make the wrong choices purely based on ineptitude and bad luck.
All I'm saying is that the government's been awful quiet since this dropped
If a few other central banks are having to cash out for unprecedented numbers of government bonds then perhaps there is an "international component".
The fact that it's just the English central bank doing it means it is pretty much JUST to do with the tories.
Of course its to do with the Tories mate. Kamikaze Kwartang and Thick Truss know its caused by them. Typical Toryscum always look after the minority, forget the majority.
Hence why the SCOTS hate the Tories!!!
8.3% deficit on trade, hello. Brexit. Clearly not working. Proportional voting and Progressive tax measures are the ONLY options we're ALL on board.
through every financial crisis,war and pandemics more millionaires and billionaires are made... history tells us this .
this is the game
And you!
After all blue and yellow, looks like you support the war, not negotiations.
@@micixduda Have a look at a history book (1937-1939 as a clue, btw also check who russia was allied with at this time and until mid '41, they were quite content aa nazi lapdogs until the nazis turned on them), then work out the cost of appeasing and authoritarian regime that is invading its smaller neighbours because 'they speak our language'.
1:50 Look at Jagjit Chadha doing his best not to laugh when Sanjay Raja says "I haven't had the pleasure of seeing or hearing the Business Secretary's comments". I think it's very clear what the financial experts think of the competency of the current government.
It was a fiscal event in the same way that Putain's special military operation is not war.
We’re going down like BHS.
going down like jordon after a gram of coke.
We're going down and it's no stress
Bhs, British Home Stores, a much loved and missed chain department store, selling soft furnishings, clothes and electrical items. Sent up the swanney, by the asset stripper, Phillip Green. Who was a huge donor to The Tories, and a benefactor of non-dom status. He also managed to rodger the pension fund, comprehensively enough for the government to step and guarantee the pensions. Signed everything into his wife's name, to prevent his legal exposure, to the pensioners.
Tweet tweet tweet
Sleaford Mods reference perchance?
Rees mogg is someone who I'd love to see out of a job next general election
It’s shocking why anyone have voted for him at all!
@@tilley6351 his henchman are very active in his area
Put of a job? Never. Too many cronies and old boys for that to ever happen. That weasel would make money from the UK's utter collapse and still look down his nose at those left in penury
No Mogg will not be out of a job , he's already assured of a position with his business friends , at the moment he's looking after his friends, later he will want them to look after him. And unfortunately that's how it works.
@@kingdomfor1 This practices have to end at the cost of taxpayers.
Societies collapse when ideologies are kept unchecked, when appeal to ideology outpaces respect for evidence and reason, respect for carefully considered and empirically supported policies.
Anything is empirically unsupported if you try it for the first time. Respect for evidence and reason is also ideology.
No, ideologies go unchecked when society collapses. Whenever societies collapse, there is a plethora of new ideologies. You got it backwards.
And the reason societies collapse is economic collapse. Whenever an empire runs out of people to enslave, whenever debts of the poor to the rich become unpayable due to the interest exceeding the resale value of the planet, that's when the economy breaks down, society collapses, and new ideologies try to fix the damage.
@@davidwuhrer6704 Ideologies-if defined as strong beliefs based on untestable or unsupported assumptions- then they are the antithesis of scientific/evidence-based/empirically supported ideas/beliefs. Other definitions of ideology may include bias towards specific values. Scientists generally claim that the process of conducting scientific research and constructing scientific knowledge is value-free, and thus would be considered ‘non-ideological’. If the useage of the term ideology is less strict / more broad then it could encompass a belief in the use of evidence and reason, but these are trivial semantic exercises that distract from the main important issue: societal collapse and its causes. In reality there are many complex interconnected web of causes that contribute, and yes the economic factor is one. Policies that impact economic performance also can facilitate collapse. If those policies are not supported by strong evidence, expect the economy to go haywire and down the drain quite quickly. Though to be fair, in many cases, due to the complex chaotic nature of economic systems and societal behaviours, even studying and ascertaining the exact long-term impacts of specific policies on socioeconomic outcomes can be inconclusive, at best. Policies that may work today may not work in a hundred years time, especially as societies and economies change and evolve. The economic policy involving use of slaves has been one such example which is no longer viable today. Humans, as clumsy as they are, will always try to figure out how to fix things under current constraints with whatever they have at hand, with whatever limited knowledge and tools that they have, with or without the benefit of hindsight, for better or for worse. Sometimes, a few humans try out old ideas that have already been shown not to work any more or has never actually worked, and when it fails only does reality start to sink in. Sometimes some humans never learn from past mistakes, and are doomed to repeat them, dooming everyone else in the process.
Judging by the piece hanging on the wall behind them, the shit has already hit the fan
I think that’s what we heard @2:51
🤣 😂 good one
😂😂😂
It's either that or the UK's finances being pissed up the wall.
Hey, what did modern art ever do to you?
I have a suspicion that if you asked Truss what a gilt or a bond was - she’d be at a loss.
She would say we're helping people with the energy crisis by not getting 6000 pound energy bills this winter
😂😂😂😂 This great stuff!
She would say that it’s spelt “guilt” and 007 is Bond.
She should know whta guilt is by now!
It's a pie.
An absolute brilliant panel of experts, thank goodness these people do what they do, know what they know and can be honest to the Select Committee members!!
They do this but unless you are digging for it this will never be shown on the mainstream TV.
Once again we see that incompetence and arrogance are a very dangerous combination.
Trouble is we don't listen to experts anymore do we. What a mess... as was said at the end of the video! I guess they must be members of the "anti-growth coalition"?
The whole things gone to shit since Mr. Cameron first floated the idea of a referendum on leaving the EU.....what an utter spanner.
He was
It was a Labour manifesto promise of a referendum before signing up to the Lisbon Treaty, then just ignored it and signed up anyway.
BUT! in the main there is a UK component = we seem to have a bunch of idiots in the UK who have convinced themselves they know what they are doing.
No...the press have done that
Monopoly is game...liz thinks shes good....oh sorry its real lives, savings and mortgages....food and mental health....suicide and depression. Liz this is not a game.
This is ridiculous. I have had the good fortune of meeting with senior treasury officials of the UK to discuss markets and their intersection with politics and they have all been incredibly knowledgeable and insightful. None would have pulled this pathetic stunt of announcing a tone deaf budget employing provenly failed strategies at the worst time possible. Any of these panelists would have advised against it but clearly this government is at best out of touch and at worst inept.
🤷 that's the difference between experts in their field and some unelected tits trying to implement 40 year old economic policies like they are some I win button.
It's time for a green socialist economy,
End rich politicians deciding the economic future of the people who they do not work to serve
yawns.
@@888ssss exactly, yawns, we want to continue with the way it is don't we mate. Everything is right in the world when we are being robbed blind in favour of the richest in this country.
@@888ssss gotta love it when your opponents make jokes or personal attacks instead of responding to criticism. It's admitting that they don't have a credible response.
what economic policies do the greens have?
@@888ssss sounds like you need a nap boomer
The trade deficit might just have something to do with Brexit. The UK needs to rejoin the Single Market asap.
JRM wrong? Surely not!
Conservatives, the clue is in the first syllable.
OBR to be onboard with any future monetary policy?? Brexit costs 4% of GDP, according to OBR. Yet Uk media, (including, especially BBC) choose to ignore that figure.
What a mess. The final words.
Love watching their gaslighting get picked apart in realtime
I like how it ended... "what a mess..."
Torsten Bell seems like a clever chap. Hope he does well in his A levels.
Amazing how people whose job it is to do it haven't had the pleasure of actually doing their homework
Once the EU decision in 2016 by the UK electorate to leave a fuse was lit,blame what you wish but a market decided on a large scale is far better than one which is singular,factor in greed and government incompetent and 💥💥💥💥
But maniac levels of Fiat Money printing, annihilation of UK manufacturing and local economy in favour of Globalism over the last 50 years had nothing to do with it right? 🤷♂ (Brought to you by the Uniparty of Conservatards & Labotards)
I’m not a qualified economist and I could tell you that Rees Mogg is talking ‘b0llocks’
Maybe he was talking about gilt prices in 1820
Or 1770.
It was not time limited. The OBR have said they could fully analyse & return their findings within the same week. What a Web of lies they are in. Really makes you think it was deliberate, especially with Odey Asset Management calling it exactly right, at the exact same time, making hundreds of millions of pounds. Some mad coincidence until you realise Odey Asset Management pay Kwasi Kwarteng £20k each month as an "advisor."
“Worst since 1955”, “suggesting market dysfunctionality”, “guerilla tactics against our independenteconomic institutions by the government” …language from British government??!! Since when?? Dis Truss must be taken out of office.
At least we didn't vote for Corbyn. Can you imagine if we had a rational and compassionate leader who put people first? Thank Murdoch we listened to reason and voted for the liar and criminal who hid in a fridge.
Remember the wise words of tory Micheal "trustworthy" Gove: "I think the people have had enough of experts!"
Liz Truss backed herself into a corner in the leadership election, aligning herself with the right of the party. She touted a low tax economic policy, without even considering trying to balance the books or take into account the multitude of economic factors that would be affected by this policy.
@Strange Tapes Why she thought governing the country on the beliefs of just 81,000 Tory members is beyond me.
The worst part is she’s done MORE tax cuts than she ever even considered in the leadership election, so her making some concessions early on might have worked but she’s digging her own political grave now.
Mordant and Sunak to take over? What a mess! EU must be delighted to hear Uk taking this public beating.
Time to have General Election. The only thing Toryscum have done in 12 years is create more money for the few/ millionaires/billionaires. The country is on its knees, underfunding since 2010. Time the Toryscum were kicked out.
Are you joking?Get rid of all of them,their ALL guilty
@@terryloftus8626Terry, you probably right, but, first out the door, must be these idiots.
Penny mordant
What a fascinating and illuminating discussion Thank u
Kids in primary school could rip apart these clowns figures.
Stop using their framing, of it being a "fiscal event".
Our trade deficit is appalling.
Our major industry's were moved to the EU with EU grants.
The high value of the pound was good for spives and bankers but is terrible if you have to buy materials and goods or pay workers to produce anything.
That's why everything we bought through the 80's/90's had made in Taiwan or China stamped on it.
We need to produce more goods.
Nobody is buying from Britain or dependent on British goods. This makes us weak.
End of story.
We need to get innovating through our tech sector. Make sure we are at the front of emerging technologies like robotics and quantum computing. We cannot afford to miss the boat or the UK's future will be bleak.
Expanding our arts sector and exporting creative industry's like film/TV is also one of our strong suites. Also one we can expand.
We also need to develop military tech like combat Drones so we can stay in the arms race.
EU have exploited our weakness for years. Because we cannot negotiate from positions of strength we negotiated a poor position for ourselves.
Tourism is no basis for ecconomy. Its just not enough.
MP's have a lot to do....
Hard work starts now.
The tories: "We are good with the economy...."
The Tories: "We are good at stealing your future, to line our own pockets".
The thing with Mogg is that way too many people fall for his upper class charade. It's frightening how many people will still doff their caps to the gentry. It really is an English thing. Mogg knows this and uses it to his advantage.
I disagree. This only seems to matter in politics. The rest of us are not taken in by this bullshit. He is clearly as thick as two short planks, despite his Hogwarts for Wankers education.
I am really sick of the death cult of incompetence, I want to see charges .. when they deliberately ignore civil service advice it's criminal incompetence.
Similarly Bojo the Clown for his blatant security breeches and failures to investigate Russian interference.
I think their smirks while they answer say it all
Smog’s blowing smoke again..let’s talk about tax loopholes and off shore accounts.
Excellent 😎... Just how do we spread the word and message to the majority of the people and enlighten them.
Just to put this into context. Only 1 in 1000 people would have to find one person who voted for Liz Truss to be our Prime Minister and punch them in the face for us to feel a lot better about this.
If the BoE stops buying back bonds tomorrow for real things are going to get real
Is this what was meant by "temporary purchase of bonds"?
It was not hard to see which were tories, the knowledgeable left handed gentlemen had very interesting reasoning and knew his facts 🤔
#getLizout
Basically UK Government is like someone seeing a fire and bringing oil down instead of water to put the fire out.
The same Finance experts who failed to see the 2008 Financial Crash? The same institutions who are never right in their forecasts?
There is a significant difference between predicting the future and analysing the present.
Thank you for sharing this. It's so good to be well informed and have all the facts.
Create the dip so your mates can buy the dip. Would expect nothing less from someone who worked for Shell
The Markets are followers not leaders. It's the leaders job to lead not follow the followers.
The track record of governments around the world is shameful!
2:52 did I just hear Liz truss's reaction to this?
Ha. Scrolled down to see who else noticed the fart.
"Brexit will create a domino effect."
Why is JRM not sat down there answering questions and not being let of the hook?
We would be better off returning the higher tax rate Thatcher abolished in the 80s instead of reducing the current higher tax rate. Pretty sure millionaires and bankers can afford to pay a bit more rather than the other 90% having to pick up the bill.
I hope they can agree on what colour to paint the room and get on with the redecoration
Ha nice
Haha I'm doing the same at home today, spun me out with your name!
Mogg is politically and economically illiterate
hes not ,hes morally bankrupt. a child can see what happened and why , he knows the economic failures of the tory party he just doesn't care so he lies .
Oh he knows what's happening alright, you can bet a pound to a pinch of 💩 that he's making money from from it.
@@fig1115 that and his father pretty much wrote the book on disaster capitalism and how to make lots of money off a failing market. It was no mistake that JRM sold all his sterling assets a few years ago and personally moved his money over seas
Impossible to comprehend! Any business tiny medium big must always provide fiscal projections, calculations, details .. so lacking with Tory budget.
Highest trade deficit since records began in the 1950s. Why don't we hear about that in the Tory press and on BBC News? Brexit failed.
Excellent video. Thanks! 👍
The other name for this is insider trading. That they did it in plain sight makes it worthy of locking them up and throwing away the key.
It's not likely that this government will be willing to listen to experts.
2.53 - Is it just me, or did somebody straight up fart in the middle of Sanjay’s flow? 😂
2:52 - Someone sh*ting themselves….
hahaha
Why is literally every person in politics infinitely more sensible and literate than actual politicians
I’m a 52 year old generation Xer, I’ve seen the same shxt over and over, year after year after year. I’m sick of these money people. When people are suffering and they’re also having to give up their dear pets. You people in this crumbling government you should be ashamed?
A car; brakeless, careening down a hill. Stepping on the gas may not be the best way out of it.
You should buy and hold tech stock Crypto investment
You should know it's easy and hard to make that much profit. I say EASY because it's very possible to make that much, and Hard because you'll need professional assistance to do it, I'd suggest you get assisted by a market advisor.
@@jamiehaynes3607 That is totally true, but how well does a financial advisor improve your profit? What is the experience like using an advisor?
This is impressive how could someone go about getting investment guidance from a coach like that, would you mind sharing your coach info?
@@cindybrown1433 She's available on what's app
She's active with this ✚𝟭𝟵𝟳𝟬𝟱𝟰𝟵𝟮𝟮𝟬𝟳
Currently
They’re going to get really sick of experts.
Fantastic expert opinion, and questions from Dame Eagle. We are currently cursed with some dismal politicians (Rees-Mogg, Boris Johnson and Truss especially) but still very lucky to have select committees and independent media to hopefully steer us back to sensible government.
This needs to be shown to the electorate as the government actions directly impact the electorates lives.
These people have adopted new political technique known as “The Johnson.” Keep talking bollucks and pray that the public will believe it.
Just because you don’t understand it doesn’t mean it’s bollocks. At some point you’ll need to realise the new chancellor and PM are incompetent and simply have to go
Mister Mogg - Lord Snooty from the Beano. Pretentious, educated but still a liar.
Typical Toryscum
I thought he was lofty from the beani lol
Finance experts making assertions without any facts.
It’s great to hear them speak about economics rather than the politicians.
Nice to see they have nice bottled water, could they not have tap water. Could probably do a weeks shop on the cost for the bottled water provided at these waste of time meetings
You just watched a 17 minute video on the literal future of the British economy and the immediate future of the British housing market, your conclusion..."bottled water".
Tell me you've been voting Conservative without telling me you've been voting Conservative.
Have you drunk London tap water? It tastes awful!
Lol you can tell that American dude think he’s the cleverest person in the room when rly all he does is repeat what others say in a more drawn out convulsed manner 😂
or maybe you heard him speak and just want to hate on him
He didn't repeat anything. One guy mentioned a british-made component and the american guy mentioned a global component.
This guy is saying something rather new and I doubt your economic education matches his
Great to see ‘post-truth’ politicians being held to account.
Sanjay Raja ftw very impressive explanation of market complexities in a understandable way.
The problem with having JRM's sticky, greedy hands on the levers of power is that he likely makes his living from betting against the UK. Personally I'd be happier if we had a clear and objective analysis of his investment strategies before giving him any role in government. And he's not happy with that, he can do one.
The National Institute of Economic and Social Research (NIESR), established in 1938,[1] is Britain's oldest independent economic research institute.
The institute receives no core funding from government or other sources. The bulk of funding comes from research projects awarded or commissioned by a variety of sources, all acknowledged in full in their published materials. The terms of their grants prohibit any involvement from funding bodies in determining or influencing content. Funders include government departments and agencies, the research councils, particularly the Economic and Social Research Council (ESRC), charitable foundations, the European Commission, and the private sector. The institute is a partner with two ESRC research centres (LLAKES, and the Centre for Macroeconomics), along with ESCoE, which is funded by the Office for National Statistics.
Thought I'd check who they are.
I wonder how much the painting behind them cost 😂
GE now
I can’t wait until Diane Abbot is Home Secretary