A few months ago, I was sitting beside my wife in hospital, hoping she would recover from a truly brutal combination of COVID, pneumonia and flu.
On 13 September, she’ll run a marathon.
If you’d like to support her you can donate here:
justgiving.com/page/idongruns…
On 13 September, she’ll run a marathon.
If you’d like to support her you can donate here:
justgiving.com/page/idongruns…
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ChrisPitt retweeted
The oil is the money.
Even more so if Tehran can repatriate the funds.
The Qatari frozen money is nice-to-have, but at, say, $75 a barrel, Iran makes ~$175 million a DAY in oil export revenue. That's >$5 billion in just one month. That's the real money. Check for oil waivers.
Even more so if Tehran can repatriate the funds.
The Qatari frozen money is nice-to-have, but at, say, $75 a barrel, Iran makes ~$175 million a DAY in oil export revenue. That's >$5 billion in just one month. That's the real money. Check for oil waivers.
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ChrisPitt retweeted
***EXCLUSIVE*** Andy Burnham fully rules out changing Rachel Reeves’ fiscal rules if he becomes PM
At the weekend his team had left it open whether he might change them in future
But tonight his spokesperson tells Bloomberg he is explicitly ruling out any changes to the existing fiscal rules
AND crucially Burnham is now also ruling out exempting defence spending from the fiscal rules to spend more on the military
He had floated that idea in a Bloomberg interview a few weeks ago but his spokesperson tonight says he won’t pursue it
This is a big attempt by Burnham’s campaign team to reassure markets who were spooked on Friday by his potential premiership
But it may risk disappointing some on the left who had hoped for a more radical fiscal policy
It may also mean tax rises are the likely main revenue raiser in the event Burnham wants to increase spending
At the weekend his team had left it open whether he might change them in future
But tonight his spokesperson tells Bloomberg he is explicitly ruling out any changes to the existing fiscal rules
AND crucially Burnham is now also ruling out exempting defence spending from the fiscal rules to spend more on the military
He had floated that idea in a Bloomberg interview a few weeks ago but his spokesperson tonight says he won’t pursue it
This is a big attempt by Burnham’s campaign team to reassure markets who were spooked on Friday by his potential premiership
But it may risk disappointing some on the left who had hoped for a more radical fiscal policy
It may also mean tax rises are the likely main revenue raiser in the event Burnham wants to increase spending
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ChrisPitt retweeted
EXCLUSIVE: Rachel Reeves interview with @MyStephanomics
— Says the UK won’t let trade terms with the US sway its position on Trump’s war in Iran.
— “You can’t make a decision about whether to get British armed forces involved in a conflict because it may or may not make it more likely to get a trade deal. We judged that there was not a legal basis for offensive action on Iran.”
— Warns the UK and the world likely faces an economic “shock” lasting months due to the war.
— Says the UK is in a “stronger position to be able to withstand the shocks, including the shock that we are likely to be responding to in the weeks and months ahead.”
— Vows she will do “everything in our power to protect businesses and and families in the UK” from the economic fallout.
Story by @Joe_Mayes >>> bloomberg.com/news/articles/…
— Says the UK won’t let trade terms with the US sway its position on Trump’s war in Iran.
— “You can’t make a decision about whether to get British armed forces involved in a conflict because it may or may not make it more likely to get a trade deal. We judged that there was not a legal basis for offensive action on Iran.”
— Warns the UK and the world likely faces an economic “shock” lasting months due to the war.
— Says the UK is in a “stronger position to be able to withstand the shocks, including the shock that we are likely to be responding to in the weeks and months ahead.”
— Vows she will do “everything in our power to protect businesses and and families in the UK” from the economic fallout.
Story by @Joe_Mayes >>> bloomberg.com/news/articles/…
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ChrisPitt retweeted
As featured in @Bloomberg by @philaldrick:
The Budget turmoil of recent weeks highlights a broken system. The OBR’s short-term forecasts dictate policy and sideline investment in skills, health & productivity.
Britain stays stuck in low growth as a result.
The Budget turmoil of recent weeks highlights a broken system. The OBR’s short-term forecasts dictate policy and sideline investment in skills, health & productivity.
Britain stays stuck in low growth as a result.
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ChrisPitt retweeted
The UK's OBR says it played no part in the budget tax U-turn that shocked markets bloomberg.com/news/articles/…
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ChrisPitt retweeted
Here’s our report on the odd timeline around the manifesto breaking income tax rise plans. Basically there was no improvement in the forecast to explain the decision to scrap the plan, because Reeves already had a better forecast than anybody expected
bloomberg.com/news/articles/…
bloomberg.com/news/articles/…
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ChrisPitt retweeted
The UK's OBR says it played no part in the budget tax U-turn that shocked markets bloomberg.com/news/articles/… via @PhilAldrick @chepker
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ChrisPitt retweeted
Originally a Bloomberg scoop from @PhilAldrick @chepker!
The OBR's David Miles told Bloomberg Radio yesterday that Reeves had received the favourable forecast before her tax speech: bloomberg.com/news/articles/…
The OBR's David Miles told Bloomberg Radio yesterday that Reeves had received the favourable forecast before her tax speech: bloomberg.com/news/articles/…
BREAKING
The OBR says it informed Rachel Reeves as far back as ***September 17*** that the downgrade in productivity forecasts was offset by 'increases in real wages and inflation'. The deficit was in fact just £2.5billion
By October 31 that deficit had turned into net positive sic forecast did not change from that point
So from what the OBR is saying it looks like Rachel Reeves and the Treasury were briefing ahead of the Budget that there was a £20billion black hole in the public finances that didn't actually exist
The £30billion worth of tax rises in the Budget are predominantly a consequence of her decisions to increase public spending, particularly on welfare, and have £21.7billion worth of headroom
As @Peston @PippaCrerar @hzeffman have all pointed out, it makes the Budget build up - and the narrative that big tax rises were coming because of a deterioration in the public finances - look frankly surreal in hindsight
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ChrisPitt retweeted
As Trump rewrites trade rules, Asia is pushing back, putting $7.5 trillion in US assets and the dollar’s supremacy at risk.
🎧 Get the full story and the rest of the news you need to start your day on the latest edition of The Daybreak Europe Podcast podcasts.apple.com/us/podcast/asi…
🎧 Get the full story and the rest of the news you need to start your day on the latest edition of The Daybreak Europe Podcast podcasts.apple.com/us/podcast/asi…
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ChrisPitt retweeted
In 3 sessions, S&P 500 futures have plunged about 15%. That's a proper stock market crash.
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🎙 EXCLUSIVE: @Nigel_Farage on Reform UK, Fiscal Policy, and UK-US Relations
On Bloomberg’s UK Politics podcast, Nigel Farage outlined his vision for Reform UK and praised @elonmusk as a “hero” for championing free speech.
Watch the full interview here: youtu.be/GbDOZoU_DDQ?si…
On Bloomberg’s UK Politics podcast, Nigel Farage outlined his vision for Reform UK and praised @elonmusk as a “hero” for championing free speech.
Watch the full interview here: youtu.be/GbDOZoU_DDQ?si…
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🌍 Here's Why Inflation Could Be A Bigger Problem In 2025 🌍
Inflation is falling, but uncertainty looms. Host Stephen Carroll and Bloomberg Opinion's Daniel Moss explores how central banks might navigate these challenges. open.spotify.com/episode/1DQT26…
Inflation is falling, but uncertainty looms. Host Stephen Carroll and Bloomberg Opinion's Daniel Moss explores how central banks might navigate these challenges. open.spotify.com/episode/1DQT26…
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ChrisPitt retweeted
Europe’s September PMI’s are sending worrisome signals about growth prospects as fragile readings for services compound the continued weakness in manufacturing.
This theme is particularly relevant for Germany where the composite measure fell from August’s 48.4 to 47.2 due to weaker manufacturing (42.4 to 40.3) and services (51.2 to 50.3). Also of note, the new orders component fell from 39.6 to 37.2.
#economy #europe #markets #growth #econtwitter
This theme is particularly relevant for Germany where the composite measure fell from August’s 48.4 to 47.2 due to weaker manufacturing (42.4 to 40.3) and services (51.2 to 50.3). Also of note, the new orders component fell from 39.6 to 37.2.
#economy #europe #markets #growth #econtwitter
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Looking for a hot take podcast on the Rachel Reeves speech...you're in luck. @lizzzburden and @James_Woolcock have you covered with today's episode of the Bloomberg UK Politics Podcast: open.spotify.com/episode/0gfvFh…
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ChrisPitt retweeted
Well, this doesn’t happen every day. Honoured that our @BloombergRadio special was awarded the National Feature Reporting prize by @NYPressClub. Thanks to a great team @ChristophPitt @EamonFarhat @KatiaPorzo @jsyche @MikeCohen21
🎧 omny.fm/shows/bloomber…
🎧 omny.fm/shows/bloomber…
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ChrisPitt retweeted
> independently discover a Zeno's paradox at age 3
> MIT at 17, grad level math in 1st year
> graduate in 3 years
> drive motor scooters from Boston to Bogotá with the boys
> start a company in Colombia
> start code breaking with the IDA for money
> solve minimal varieties in riemannian manifolds
tnam War, get fired from IDA
> take over math dept. at Stonybrook, make it a top-ranked program globally
> develop Churn-Simons theory, accidentally contribute more to physics than most physicists
> get bored with math, start modeling financial markets
> return 60% for 4 decades straight
> establish one of the most effective philanthropic organizations of all time
> chain smoke cigarettes the entire time
RIP Jim 🫡
> MIT at 17, grad level math in 1st year
> graduate in 3 years
> drive motor scooters from Boston to Bogotá with the boys
> start a company in Colombia
> start code breaking with the IDA for money
> solve minimal varieties in riemannian manifolds
tnam War, get fired from IDA
> take over math dept. at Stonybrook, make it a top-ranked program globally
> develop Churn-Simons theory, accidentally contribute more to physics than most physicists
> get bored with math, start modeling financial markets
> return 60% for 4 decades straight
> establish one of the most effective philanthropic organizations of all time
> chain smoke cigarettes the entire time
RIP Jim 🫡
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📣 @BloombergRadio is in 1st place and so close to joining the #Webbys Winners Circle. RT + VOTE: vote.webbyawards.com/PublicVoting#/…
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☕️ Here’s the mf tea: @BloombergRadio is in 1st place in #Webbys People’s Voice & they need your votes to WIN: vote.webbyawards.com/PublicVoting#/…
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