Ben Habib @benhabib6@respublicae.eu
Unofficial automated mirror. No copyright asserted. ∎ CEO @FpropPlc, member and advisor @reformparty_uk; former MEP for London; https://www.facebook.com/login/?next=https%3A%2F%2Fwww.facebook.com%2FBenHabibLondon
Joined Apr 2022
First class from my good friend @JBuckleyMLA
👇🏼👇🏼👇🏼
RT @JBuckleyMLA: An extract from my speech at University College Dublin’s Literary and Historical Society. I feel respectfully that this is a point often lost on many commentators beyond Northern Ireland on the GFA and the NI Protocol. 👇🏻👇🏻
RT @LanceForman: @oflynnsocial @benhabib6 @Unlocked_UK_ Exactly! Why did the regulators allow the pension funds to invest in risky options in the first place? Seems like it could be a major failure of regulation. This needs to be examined.
We also need to stop ESG requirements for investment. That is bad,bad news for the economy.
@adambrown1971 Believe the FT?
@aSpreefish Try lessons in comprehension if you’re still challenged to understand the motivation for the intervention.
@aSpreefish A little more than you
@louiemcl @SkyNews @KilclooneyJohn Except that’s not the case. 👇🏼
RT @CeeMacBee: Cebr's initial estimate for government borrowing in 2023/24 was £154bn falling to £80bn in 2025/26. But adjusting for the overstatements, the projected level of borrowing comes down to £64bn in 2023/24 and govt is forecast to run a tiny surplus 2025/26.
https://cebr.com/reports/public-borrowing-may-be-less-out-of-control-than-the-markets-think/
To the #FBPE lot:
The BoE did not intervene in the markets to prop up £. It intervened to rescue pension funds that had dabbled in (inappropriate) derivative products in govt debt.
RT @TalkTV: Liz Truss will attend the first meeting of the European Political Community, an EU initiative to unite the continent to work on common projects.
What are the arguments against Britain joining another European group?
@iancollinsuk | @benhabib6
RT @juneslater17: @PlanetPonzi @JamesMelville @june_mummery @mevbrown @Facts4euOrg @benhabib6
@CeeMacBee economists still trying to blame Brexit ffs!
@RealPeteBell I’m afraid you just proved your idiocy, together with all those who think the BoE interceded to protect £. It interceded to bailout pension funds that had (poorly, as it happens) used derivatives to hedge their bond portfolios.
Pls fact check yourself before tweeting.
@heels_v @TalkTV 🙏🏼
@StVitusDance @iancollinsuk @TalkTV Thank you Chloe 🙏🏼
@emsayle Thank you Emma
@CeeMacBee This week has been more instructive about those that would do us down than any mistake made by @KwasiKwarteng last week. Of course we can control £ volatility.
@LHSummers @KGeorgieva need to get their big state, borrow and spend noses out of our business.
RT @john4brexit: Spot on. Sterling value largely dollar strength. Lower sterling means export boost, reshoring to U.K. = jobs & wealth, balance of payments deficit eased at last
Must be so annoying with £ bouncing back today. I see no headlines about Sterling’s bounce.
We are one of the biggest economies in the world. The £ is a hard currency. We have the means to get through market volatility.
@trussliz and @KwasiKwarteng must not be cowed.
Anyone spot a trend?
In the two years @RishiSunak was Chancellor, he raised more debt, financed entirely by the BoE, than had been raised by Government in all of history until 2005
The BoE is not independent. It’s up to its neck in politics
@KwasiKwarteng
Unofficial automated mirror. No copyright asserted. ∎ CEO @FpropPlc, member and advisor @reformparty_uk; former MEP for London; https://www.facebook.com/login/?next=https%3A%2F%2Fwww.facebook.com%2FBenHabibLondon
Joined Apr 2022
