Deputy economics editor at the Telegraph. Prize-winning economic forecaster!
South Londoner/North Englander
Joined October 2009
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Tim Wallace retweeted
Very proud of my mum, who has won re-election for the second time as an independent councillor in North Tyneside. No party machine, just really hard work on behalf of her residents year-round - as seen in the fact that her vote and % share went up despite more parties standing.
Tim Wallace retweeted
🇬🇧 Energy bills did not used to be cripplingly high. Houses did not used to be this expensive. Childcare used to be more financially manageable.
So when did life in Britain become so unaffordable?
@Tim_Wallace explains here ⬇️
telegraph.co.uk/business/202…
Tim Wallace retweeted
Good piece by @Tim_Wallace on how government has been driving up Britain's prices (quoting me on housing) telegraph.co.uk/business/202…
Tim Wallace retweeted
Why is the electorate so boiling with rage at the political class? This line from @szupingc and @Tim_Wallace's piece on the new economic forecasts feels like a key reason.
"By the end of this decade, workers’ real-terms hourly pay – adjusted for inflation – will still be 0.5% below its 2009-10 level. That’s more than two lost decades of growth."
Tim Wallace retweeted
💸 "Even a bond market-friendly Budget may not be enough to save the Chancellor"
Could Rachel Reeves' budget be her last? The Chancellor’s challenge is to satisfy both the bond market and Labour backbenchers
@Tim_Wallace reports 👇
Tim Wallace retweeted
I’d prescribe a strong scotch after reading this. I’d not heard before the idea that we are not so much an emerging economy as a submerging one..
There is a rather wretched feeling about the UK economy. Good to chat with @szupingc and @Tim_Wallace. But you may need a strong coffee before reading the piece.
We desperately need a plan...please.
@CamEcon @MMF_research
@econromesh @AntonMuscatelli
telegraph.co.uk/business/202…
Tim Wallace retweeted
There is a rather wretched feeling about the UK economy. Good to chat with @szupingc and @Tim_Wallace. But you may need a strong coffee before reading the piece.
We desperately need a plan...please.
@CamEcon @MMF_research
@econromesh @AntonMuscatelli
telegraph.co.uk/business/202…
Tim Wallace retweeted
Cut CPRE off from the water mains.
Tim Wallace retweeted
The govt actually have commissioned and funded six new prisons, but guess what?
Planning appeals and badgers have prevented us actually building them. We have legalised crime to avoid upsetting NIMBYs.
Senior source tells me “situation is catastrophic. Of all problems facing incoming govt, this one is biggest. Red light is flashing”. Details here: bbc.com/news/articles/cx777w…
Tim Wallace retweeted
YouTube blocked videos of a Hong Kong protest song in the city, days after a local court approved an injunction order to ban it trib.al/Rz4ufVB
Tim Wallace retweeted
V g piece from @Tim_Wallace & @szupingc on the monstrous scale of our borrowing bills and the huge pressure that puts on the Treasury, now and in the future. Also some top-notch talking heads, inc Rachel Reeves, Fiscal Phil and um me telegraph.co.uk/business/202…
Tim Wallace retweeted
Spoke to the developer whose plan for a £2.5bn data centre on the edge of the M25 was blocked by planning laws last week:
"It’s an illustration of the death grip that green belt policy has on growth in this country."
telegraph.co.uk/business/202…
Tim Wallace retweeted
Finchley Road. Poster of two kidnapped Jewish children. Someone’s drawn a Hitler moustache on them. This is what the Jewish community is facing. Not in 1936. In 2023. Here. In London
Tim Wallace retweeted
I asked on Tuesday: if police fear protesters will turn violent if the law is upheld, why defer to that violent threat?
Now, shockingly, @metpoliceuk officers silence @antisemitism campaigners’ legitimate speech for fear of violent attack.
What behaviour gets privileged here?
Tim Wallace retweeted
And in literally the very next line in the OBR release we get the full picture: "Once the incentive is withdrawn, investment is assumed to be lower than would otherwise have been." If temporary it will not "affect the level of investment and the capital stock in the longer term"
The Super-Deduction is the biggest business tax cut in modern British history and today the @OBR_UK has said it is working.
Business investment is now 10% higher than it would have been had the relief not have been in place.
Tim Wallace retweeted
This has to be a record... on the front page of main news section, business section (and even a rare outing into sport) in one day....
Tim Wallace retweeted
@Tim_Wallace Your piece this morning in @telebusiness needs wider circulation Tim.
Record vacancies of 1.3m in October.
In the 3 months to September, a million who weren’t in work now have a job. Over 1m have changed job. 400,000 have resigned.
#TheGreatResignation huge churn..
Tim Wallace retweeted
Telegraph economics guru @Tim_Wallace leaks his #Budget2021 to the news room.
Apparently tax breaks on sausages rolls are in the offing
Tim Wallace retweeted
My @Cebr_uk colleagues did say the government would make money on this!