Damian Pudner
@DamianPudner
Economist (ex banker) | PhD candidate | Monetary policy & inflation | Published in The Telegraph, Spectator, CityAM, CapX & by the Institute of Economic Affairs
Jelly, cake, and balloons included.
We promised it. We're delivering it. Like we said we would.
How about a free-market advocate who wants a smaller state? 🤔 theguardian.com/politics/2025/…
Fiscal drag - the silent squeeze of frozen tax thresholds - is expected to raise £44.6bn by 2028, according to the OBR, most of it from middle earners. Taxes are already going up for 'working people'. We don't need more tax increases!
What John said 👏
The UK is “drowning in debt” as “UK borrowing soars”. I explained why this will happen after the first budget. I also explained that tax hikes will only make things worse as they will not raise revenue. We are in a situation where the only solution to raising tax revenue is to…
The value of an excellent marketing team.
He just keeps saying this. And Twitter just keeps retweeting it.
Anyone who makes the case for adopting a wealth tax doesn't understand economics. That's it. That's the tweet.
It was great to bump into @garyseconomics as I was delivering my petition for a Wealth Tax to 10 Downing Street. Gary has done an absolutely amazing job making the case for a wealth tax and real action against wealth inequality. This is a campaign we are going to win!
Some great suggestions on this list: including 3 books from me.
ICYMI: The CapX Summer Reading List is now LIVE Here’s what our contributors are reading on holiday this year 👇 capx.co/its-time-for-a…
"If current trends persist, UK public debt could hit 270% of GDP by the mid-2070s. That’s not a G7 figure. That’s emerging market territory." After the dreadful borrowing figures yday, I thought I'd highlight again my thoughts on the UK's fiscal fantasy. capx.co/britains-fisca…
All sadly predictable. You can't turn on the spending taps, deliver a tax-rising, anti-business, anti-growth budget, give generous above-inflation pay rises to the public sector, all without reform to a bloated inefficient state, and expect to be seen as fiscally literate.
Public sector net borrowing excluding public sector banks was £20.7 billion in June 2025. This was £6.6 billion more than in June 2024 and the second-highest June borrowing since monthly records began in 1993, behind that of June 2020. Read more ➡️ ons.gov.uk/economy/govern…
@DamianPudner 👉 Broken Money by Lyn Alden 👉 Children of Time by Adrian Tchaikovsky 👉 The Price of Time by Edward Chancellor
In need of a new book for your upcoming holiday? Here's what CapX is reading this summer 🧵👇
😱 The public are not fools: they know this can’t go on. 🗽We need better politicians who will cut spending and return our country to growth.
🚨 The latest public sector finance stats for June just dropped from @ONS and they're a fiscal horror show. Borrowing up, debt interest up, deficit up, spending up and taxes up. Here's what you need to know about how the government's finances are spiralling🧵
You have been warned. The autumn budget is going to see yet another tax grab by the Chancellor.
Higher-than-expected public borrowing is becoming a bad habit for the UK - cumulative surprises total £22.4bn during Labour's first year in office. Adds to bond market worries and fears of another round of jarring tax increases in Autumn #ukeconomy #ukmacro #reeves #labour
"Britain is no longer borrowing to invest and grow. It is borrowing simply to stand still." Says @Simmons__ spectator.co.uk/article/britai…
"One billionaire’s frustration can be another’s opportunity. They’ll just need to have at least £250 million to spare to buy one of the capital’s most intriguing and desirable residences." thetimes.com/article/6e704d…
A sensible take by @julianHjessop. "A policy of gradually selling the bitcoin is a sensible middle ground. While the windfall may not help to meet the fiscal rules, holding on to an unproductive asset is not responsible either." spectator.co.uk/article/a-bitc…
"The biggest falls in house prices in July have occurred in central London, where asking prices have slipped 2.1 per cent compared with last month." Rightmove now estimates that UK house prices will rise on average by 2 per cent in 2025. thetimes.com/article/cd1e74…
