Julian Jessop
@julianHjessop
Independent economist. Likes charts. A 'bit Brexity'. IEA Economics Fellow. Schools speaker. Diploma in Law. FRSA. COYG. Views here mine only. I fund myself...
ICYMI, here's some I wrote yesterday on reports that Rachel Reeves is eyeing a “£5bn Bitcoin sale” to ease the pressure on the public finances... 🤔 (link in reply)
"While the world fixates on Donald Trump’s populist cocktail of reciprocal tariffs and big, beautiful deficits, @JMilei is delivering a man-made miracle that should gladden the heart of every classical economist and quicken the pulse of all political libertarians." 1/5
I was starting to worry that the government was not addressing the real problems in the country, so I’m relieved to hear that today they’ve decided to regulate football and dredge up a fracas from 40 years ago.
A national inquiry will be held into one of the most violent days of the year-long miners' strike in the 1980s. Home Secretary Yvette Cooper said it will look into the clashes that involved police and miners outside the Orgreave coking plant in Rotherham in 1984…
FYI, I’ve taken a deeper dive into today’s news on UK government borrowing 🤓 TL;DR – no sign here that Rachel Reeves has 'fixed the (fiscal) foundations'... 🧵
Chart of the Day 🤔 This is taken from a comprehensive demolition of the case for a UK wealth tax, written by a team led by @DanNeidle, which was published this morning 👇 taxpolicy.org.uk/2025/07/22/uk-…
For anyone else struggling, 'profit' is the difference between revenues and costs (just Google it, or ask around). And profits are crucial to society because they provide the economic incentive to supply goods and services (see what Adam Smith wrote on this, among many others).
Lots of sniffy comments about James Cleverly 'only' shadowing housing... 🤔 In reality, of course, the lack of affordable housing is one of the UK's most important economic and social challenges, plus he'll be taking on the Deputy PM here!
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NEW: James Cleverly will become as Shadow Secretary of State for Housing. Tories see this as a key role to take on Angela Rayner