CalverPatrick's profile picture. Head of Strategic Communications @EconChange | Previously external affairs @jrf_uk | Even more previously @BankofEngland & @HMTreasury

Patrick Calver

@CalverPatrick

Head of Strategic Communications @EconChange | Previously external affairs @jrf_uk | Even more previously @BankofEngland & @HMTreasury

Patrick Calver reposted

A group of the UK’s most distinguished economists have written to the Chancellor, warning her that new cuts to spending or investment at the Spring Statement would be a “profound mistake”: ft.com/content/4b0d4e…


Patrick Calver reposted

📉These #DisabilityBenefits cuts would be unprecedented - the largest since the OBR was created in 2010. The 'Right to Try' guarantee might help to remove the barriers that prevent people from working, but enormous cuts mean the Government risks undermining any positives. 2/4


Patrick Calver reposted

Andy Haldane: "It would be deeply counterproductive to both growth & to the fiscal position" to cut "investment & indeed in spending more generally" after the March OBR forecast. He says cuts will lead to a doom loop btwn debt & growth: "that's a situation to avoid at all costs."


Patrick Calver reposted

New PRS stats out today for Oct 24 show an annual increase of 8.7% in GB and 10.5% in London, equating to £105 more per month on avg in GB and £204 in London, compared to Oct 23. These are big rises, on the back of the decision taken to keep LHA frozen at the Budget. 🧵 1/x


Patrick Calver reposted

Early analysis shows that the economy (particularly the cost of living) drove Trump's election win. This week, we explore the economic factors behind Trump’s success and the controversial policies he is proposing. neweconomybrief.net/the-digest/in-…

NewEconomyBrief's tweet image. Early analysis shows that the economy (particularly the cost of living) drove Trump's election win. 

This week, we explore the economic factors behind Trump’s success and the controversial policies he is proposing. 

neweconomybrief.net/the-digest/in-…

Patrick Calver reposted

In @thetimes, alongside @Gus_ODonnell & others, we welcome #Budget2024's shift on public investment & fiscal rules. The UK has trailed behind G7 peers in both public & private investment for too long. This isn't just about spending more—it's about designing a fiscal framework…

MazzucatoM's tweet image. In @thetimes, alongside @Gus_ODonnell & others, we welcome #Budget2024's shift on public investment & fiscal rules.

The UK has trailed behind G7 peers in both public & private investment for too long. This isn't just about spending more—it's about designing a fiscal framework…

Patrick Calver reposted

Capital Economics helpfully puts the post #Budget UK government debt market moves in context. There's been a rise in 10 year Gilt yields - a sign of market repricing in response to the extra borrowing - but nothing really comparable to what happened after the Sep 2022 Truss…

BenChu_'s tweet image. Capital Economics helpfully puts the post #Budget UK government debt market moves in context.

There's been a rise in 10 year Gilt yields - a sign of market repricing in response to the extra borrowing - but nothing really comparable to what happened after the Sep 2022 Truss…

Patrick Calver reposted

Our response to the Chancellor's first Budget today: investinbritain.org.uk/response-to-th…

Invest_Britain's tweet image. Our response to the Chancellor's first Budget today: investinbritain.org.uk/response-to-th…

Patrick Calver reposted

It's Budget Day and here is what we are looking for from the Chancellor. Read our pre-Budget briefing on underinvestment in the UK economy, the impact of inherited plans for public investment cuts on growth, and the case for raising public investment: investinbritain.org.uk/resource/pre-b…

Invest_Britain's tweet image. It's Budget Day and here is what we are looking for from the Chancellor.

Read our pre-Budget briefing on underinvestment in the UK economy, the impact of inherited plans for public investment cuts on growth, and the case for raising public investment: investinbritain.org.uk/resource/pre-b…

Britain faces a pivotal moment. Our infrastructure is creaking, public services are collapsing, and we are falling behind other countries in the race to decarbonise. We can’t afford another lost decade. We need to start investing in the future.



Patrick Calver reposted

Polling shows voters and MPs support moves to relax borrowing rules in order to fund new long-term investment: inews.co.uk/news/politics/…

HugoGye's tweet image. Polling shows voters and MPs support moves to relax borrowing rules in order to fund new long-term investment: inews.co.uk/news/politics/…

Patrick Calver reposted

There is a lot of nonsense being said about gilts yields reacting to the debate on changing the fiscal rules. This nice chart from @DeutscheBank shows that the communications from @RachelReevesMP and @hmtreasury have NOT impacted on market trends.

AntonMuscatelli's tweet image. There is a lot of nonsense being said about gilts yields reacting to the debate on changing the fiscal rules. This nice chart from @DeutscheBank shows that the communications from @RachelReevesMP and @hmtreasury have NOT impacted on market trends.

Patrick Calver reposted

Yesterday's splash in the @FT suggested that UK gilts yields are rising on budget speculation around the fiscal rules. My letter in the FT explains why it's a bit more complicated.... "Reeves has to strike right balance on debt policy" (1/n) ft.com/content/57c999… via @ft


Patrick Calver reposted

There is an inclination to attribute the recent rise in yields on UK government bonds to, quoting today’s Financial Times, “concerns about the Labour government’s Budget, pushing the gap with Germany to the widest in more than a year.” It is more complicated than that. Just note…

elerianm's tweet image. There is an inclination to attribute the recent rise in yields on UK government bonds to, quoting today’s Financial Times, “concerns about the Labour government’s Budget, pushing the gap with Germany to the widest in more than a year.”
It is more complicated than that.
Just note…
elerianm's tweet image. There is an inclination to attribute the recent rise in yields on UK government bonds to, quoting today’s Financial Times, “concerns about the Labour government’s Budget, pushing the gap with Germany to the widest in more than a year.”
It is more complicated than that.
Just note…

Patrick Calver reposted

🚨Poverty in Scotland 2024 out today. Stark findings about levels of poverty and about how our social security system is failing us. Looking forward to hearing both UK and Scottish governments’ response at the launch of the report this morning.

cdbirt's tweet image. 🚨Poverty in Scotland 2024 out today. 

Stark findings about levels of poverty and about how our social security system is failing us. 

Looking forward to hearing both UK and Scottish governments’ response at the launch of the report this morning.
cdbirt's tweet image. 🚨Poverty in Scotland 2024 out today. 

Stark findings about levels of poverty and about how our social security system is failing us. 

Looking forward to hearing both UK and Scottish governments’ response at the launch of the report this morning.

Patrick Calver reposted

This week's New Economy Brief covered a variety of reports on the debates about public investment, growth and fiscal space from @TheIFS, @oeufling, @NIESRorg and @UKandEU. Sign up to our weekly newsletter to get our 5 minute digest of key economic news: neweconomybrief.net/sign-up

NewEconomyBrief's tweet image. This week's New Economy Brief covered a variety of reports on the debates about public investment, growth and fiscal space from @TheIFS, @oeufling, @NIESRorg and @UKandEU.

Sign up to our weekly newsletter to get our 5 minute digest of key economic news: neweconomybrief.net/sign-up

Patrick Calver reposted

🛫Will scrapping the non-dom tax break cause the rich to leave the UK? This week’s New Economy Brief looks at the evidence which suggests the fears of capital flight are overblown. In fact, there is a strong economic case for ambitious reform: neweconomybrief.net/the-digest/non…

NewEconomyBrief's tweet image. 🛫Will scrapping the non-dom tax break cause the rich to leave the UK?

This week’s New Economy Brief looks at the evidence which suggests the fears of capital flight are overblown. 
In fact, there is a strong economic case for ambitious reform: neweconomybrief.net/the-digest/non…

After 5 brilliant years at @jrf_uk I'm joining @EconChange today as its first Head of Strategic Communications. I'll mainly be working on the ECU's new @Invest_Britain campaign, focusing on the urgent need to increase public investment in the UK. Can't wait to get started!


Patrick Calver reposted

Some BIG data news: @jrf_uk has launched our cost of living dashboard! We've been tracking the financial impact covid and the COL crisis has had for low income households since October 2021, & now you can explore some of the data we have gathered in an interactive way 🧵1/x

r_earwaker's tweet image. Some BIG data news: @jrf_uk has launched our cost of living dashboard!

We've been tracking the financial impact covid and the COL crisis has had for low income households since October 2021, & now you can explore some of the data we have gathered in an interactive way 
🧵1/x

Patrick Calver reposted

🗣️ "A direct result of wider social injustices - poor quality housing, lower incomes, insecure employment. It's not just damaging the health of our nation, it's piling up the pressures on our NHS" @Keir_Starmer lays out the conclusions of Lord Darzi's report into the NHS. 1/4


This is why it's so important the Government: 🏘️Delivers its manifesto commitment to set up a cross-government homelessness strategy as soon as possible 🏘️Brings forward a much stronger Renters' Rights Bill in September

📢 Latest statutory homelessness stats show: 117,450 households were living in temporary accommodation on 31 March 2024, an increase of 12.3% since last year. A total of 151,630 dependent children were living in temporary accommodation on 31 March 2024. (1/3)



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