1. Exquisite Tweets from @dsquareddigest, @CJFDillow, @sjwrenlewis

    PreoccupationsCollected by Preoccupations

    One of the very minor compensations for the otherwise disastrous Atlanticisation of our politics is the new taste among Conservatives for MAHOOSIVE KEYNESIAN STIMULUS and other parties should run with this rather than trying to score short term "responsibility" points

    John Redwood @
    Great news Boris. Bring on that Brexit bonus budget as soon as possible. Cheer us up with some tax cuts and better funded schools and social care after the big squeeze and pessimism of the current government.

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    dsquareddigest

    Dan Davies

  2. True. But some of us would like some evidence of macroeconomic thinking. As it is, Tory fiscal policy is motivated by nothing other than electoral cynicism: austerity when you can pose as the party of sound finance, stimulus when you need to bribe people.

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    CJFDillow

    Chris Dillow

  3. I can confirm that I'm not saying Tories are good now! I just think there's going to be a real temptation for opposition parties to react to this by going all Rogoff & Reinhardt which would be very bad news.

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    dsquareddigest

    Dan Davies

  4. It is also completely the wrong kind of stimulus. No investment as far as I can see, just permanent tax cuts and spending promises that will probably not be fulfilled. In macro terms it is a terrible policy. Simple Trumpism. UK does not need more tax cuts.

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    sjwrenlewis

    simon wren-lewis

  5. True. And in narrow economic terms it is many beneficiaries of Johnson's tax cut (those on around £100k) whom we should tax more: they've got the money and they can't run: stumblingandmumbling.typepad.com/stumbling_and_…

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    CJFDillow

    Chris Dillow