Jaya Sood
@jayasood.bsky.social
NEF senior economist 🤓 former civil servant - HMT budget scorecard & DESNZ carbon budgets strategy ⚡
1/5 Government recognising this budget that the Bank of England can't solve inflation alone is a step towards stronger monetary-fiscal coordination that NEF has been calling for some time: t.co/yc4IEFFamD
November 26, 2025 at 5:21 PM
1/5 Government recognising this budget that the Bank of England can't solve inflation alone is a step towards stronger monetary-fiscal coordination that NEF has been calling for some time: t.co/yc4IEFFamD
Reposted by Jaya Sood
After years of austerity and a prolonged cost-of-living crisis, households are really struggling. Investment is essential. The Chancellor's budget must provide the support needed.
NEF's senior economist @jayasood.bsky.social on @lbc.co.uk.
NEF's senior economist @jayasood.bsky.social on @lbc.co.uk.
November 24, 2025 at 1:57 PM
After years of austerity and a prolonged cost-of-living crisis, households are really struggling. Investment is essential. The Chancellor's budget must provide the support needed.
NEF's senior economist @jayasood.bsky.social on @lbc.co.uk.
NEF's senior economist @jayasood.bsky.social on @lbc.co.uk.
Great to see that following my colleague @chaitanyakumar.bsky.social's oral evidence session in June, the Treasury Select Committee has endorsed our recommendation for the Treasury to explore the merits of allowing the NWF to borrow funds directly from the market.
bit.ly/4oaCGhM
bit.ly/4oaCGhM
October 28, 2025 at 3:55 PM
Great to see that following my colleague @chaitanyakumar.bsky.social's oral evidence session in June, the Treasury Select Committee has endorsed our recommendation for the Treasury to explore the merits of allowing the NWF to borrow funds directly from the market.
bit.ly/4oaCGhM
bit.ly/4oaCGhM
Reposted by Jaya Sood
"In the UK, these fiscal events have unfortunately become a scramble over how to fix a short-term, arbitrarily determined, so-called 'fiscal black hole."
@jayasood.bsky.social on the upcoming autumn budget in @politicshome.bsky.social
www.politicshome.com/news/article...
@jayasood.bsky.social on the upcoming autumn budget in @politicshome.bsky.social
www.politicshome.com/news/article...
Why Rachel Reeves Faces A Very Tricky Autumn Budget
The Chancellor is walking an economic tightrope heading into the Autumn Budget.
www.politicshome.com
September 17, 2025 at 3:43 PM
"In the UK, these fiscal events have unfortunately become a scramble over how to fix a short-term, arbitrarily determined, so-called 'fiscal black hole."
@jayasood.bsky.social on the upcoming autumn budget in @politicshome.bsky.social
www.politicshome.com/news/article...
@jayasood.bsky.social on the upcoming autumn budget in @politicshome.bsky.social
www.politicshome.com/news/article...
UK 30y gilt yields hit 5.7% yesterday - the highest in G7. Even the US borrows cheaper after firing a Fed governor. Yields are rising everywhere, but why are UK bonds being punished so harshly & what does it mean for the Autumn Budget?
www.theguardian.com/business/202...
www.theguardian.com/business/202...
UK hit by fresh sell-off in government bond markets as pound weakens
Yield on 30-year gilts hit highest level since 1998, indicating it will cost UK more to borrow from markets
www.theguardian.com
September 3, 2025 at 3:49 PM
UK 30y gilt yields hit 5.7% yesterday - the highest in G7. Even the US borrows cheaper after firing a Fed governor. Yields are rising everywhere, but why are UK bonds being punished so harshly & what does it mean for the Autumn Budget?
www.theguardian.com/business/202...
www.theguardian.com/business/202...
Reposted by Jaya Sood
Food prices drove yesterday's unexpected rise in inflation. But why are our groceries getting more expensive? NEF's @jayasood.bsky.social explains on @skynewsrss.bsky.social
August 21, 2025 at 10:25 AM
Food prices drove yesterday's unexpected rise in inflation. But why are our groceries getting more expensive? NEF's @jayasood.bsky.social explains on @skynewsrss.bsky.social
Reposted by Jaya Sood
Information published today shows the Treasury sent the Bank of England £40 billion last year.
That's more than the entire budget of the Department for Transport.
And where does this money ultimately end up? Lining the pockets of commercial banks.
That's more than the entire budget of the Department for Transport.
And where does this money ultimately end up? Lining the pockets of commercial banks.
August 12, 2025 at 12:49 PM
Information published today shows the Treasury sent the Bank of England £40 billion last year.
That's more than the entire budget of the Department for Transport.
And where does this money ultimately end up? Lining the pockets of commercial banks.
That's more than the entire budget of the Department for Transport.
And where does this money ultimately end up? Lining the pockets of commercial banks.
Reposted by Jaya Sood
Here is another solution to stop the harms of extreme wealth in the UK. And with an upcoming Autumn Budget, Rachel Reeves and Keir Starmer can put it to action. We need a problem solving approach to UK policy. #extremewealth
Taxing banks’ windfall profits could bring in £11.3 billion 💰
…but Rachel Reeves & Keir Starmer are refusing to get out of bed with the banks and make it happen❗
Tell them to #TaxTheBanks today: bit.ly/TaxTheBanks
…but Rachel Reeves & Keir Starmer are refusing to get out of bed with the banks and make it happen❗
Tell them to #TaxTheBanks today: bit.ly/TaxTheBanks
August 12, 2025 at 4:58 PM
Here is another solution to stop the harms of extreme wealth in the UK. And with an upcoming Autumn Budget, Rachel Reeves and Keir Starmer can put it to action. We need a problem solving approach to UK policy. #extremewealth
Reposted by Jaya Sood
The harsh reality is this government will never deliver meaningful growth if it sticks to its current economic dogma.
@jayasood.bsky.social responds to today's GDP figures.
@jayasood.bsky.social responds to today's GDP figures.
August 14, 2025 at 8:39 AM
The harsh reality is this government will never deliver meaningful growth if it sticks to its current economic dogma.
@jayasood.bsky.social responds to today's GDP figures.
@jayasood.bsky.social responds to today's GDP figures.
This sluggish growth story is getting old. Blaming specific policy measures like NICs, or global uncertainty that is out of our hands, doesn't cut it.
Our governing economic institutions, that set the tone for how our economy functions, are failing. They need a serious re-think 1/5
bit.ly/3V1JZeO
Our governing economic institutions, that set the tone for how our economy functions, are failing. They need a serious re-think 1/5
bit.ly/3V1JZeO
UK economic growth slows to 0.3% between April and June
Chancellor Rachel Reeves has made growing the economy a priority - but many economists and politicians are concerned that it is not improving fast enough.
www.bbc.co.uk
August 14, 2025 at 9:59 AM
This sluggish growth story is getting old. Blaming specific policy measures like NICs, or global uncertainty that is out of our hands, doesn't cut it.
Our governing economic institutions, that set the tone for how our economy functions, are failing. They need a serious re-think 1/5
bit.ly/3V1JZeO
Our governing economic institutions, that set the tone for how our economy functions, are failing. They need a serious re-think 1/5
bit.ly/3V1JZeO
OBR's new Fiscal Risks and Sustainability Report out today: obr.uk/frs/fiscal-r... -- what's the verdict on climate impacts on UK debt? 1/6
Fiscal risks and sustainability – July 2025 - Office for Budget Responsibility
The latest update of our assessment of the current pressures on the public finances was published in our Fiscal risks and sustainability report. Read the Executive summary for the key points from our ...
obr.uk
July 8, 2025 at 3:22 PM
OBR's new Fiscal Risks and Sustainability Report out today: obr.uk/frs/fiscal-r... -- what's the verdict on climate impacts on UK debt? 1/6
Reposted by Jaya Sood
NEF's Head of Economics and Environment @chaitanyakumar.bsky.social spoke to the Treasury Committee about the #NationalWealthFund.
Here he addresses the question "How does the level of British public investment compare to other peer nations?"
Listen in full: www.parliamentlive.tv/Event/Index/...
Here he addresses the question "How does the level of British public investment compare to other peer nations?"
Listen in full: www.parliamentlive.tv/Event/Index/...
June 19, 2025 at 6:02 PM
NEF's Head of Economics and Environment @chaitanyakumar.bsky.social spoke to the Treasury Committee about the #NationalWealthFund.
Here he addresses the question "How does the level of British public investment compare to other peer nations?"
Listen in full: www.parliamentlive.tv/Event/Index/...
Here he addresses the question "How does the level of British public investment compare to other peer nations?"
Listen in full: www.parliamentlive.tv/Event/Index/...
Reposted by Jaya Sood
Scrapping stealth subsidies to banks to release children from poverty: Gordon Brown plan includes NEF proposal for raising £3bn from tiered reserves. This would reduce the interest the Bank of England pays on commercial reserves - money which could go to improving kids' lives.
June 10, 2025 at 2:20 PM
Scrapping stealth subsidies to banks to release children from poverty: Gordon Brown plan includes NEF proposal for raising £3bn from tiered reserves. This would reduce the interest the Bank of England pays on commercial reserves - money which could go to improving kids' lives.
Reposted by Jaya Sood
🧵New polling from @investinbritain.bsky.social by
@survation.bsky.social reveals a majority of Labour MPs want the Chancellor to change course on fiscal policy.
1/8 thetimes.com/article/6448...
@survation.bsky.social reveals a majority of Labour MPs want the Chancellor to change course on fiscal policy.
1/8 thetimes.com/article/6448...
Majority of Labour MPs oppose Rachel Reeves’s fiscal rules
Divisions within the party are exposed as two thirds of MPs are against the Rachel Reeves’ fiscal plans
www.thetimes.com
June 2, 2025 at 10:22 AM
🧵New polling from @investinbritain.bsky.social by
@survation.bsky.social reveals a majority of Labour MPs want the Chancellor to change course on fiscal policy.
1/8 thetimes.com/article/6448...
@survation.bsky.social reveals a majority of Labour MPs want the Chancellor to change course on fiscal policy.
1/8 thetimes.com/article/6448...
Reposted by Jaya Sood
Yesterday's UK government borrowing figures for April were actually £3.5bn below the OBR’s forecast, yet media coverage focused on the fact that the figure was slightly higher than the forecasts of “city economists”. This is not a cause for alarm.
obr.uk
obr.uk
Home - Office for Budget Responsibility
obr.uk
May 23, 2025 at 9:20 AM
Yesterday's UK government borrowing figures for April were actually £3.5bn below the OBR’s forecast, yet media coverage focused on the fact that the figure was slightly higher than the forecasts of “city economists”. This is not a cause for alarm.
obr.uk
obr.uk
Reposted by Jaya Sood
"It’s a mistake to think that mature technologies are out of the woods, or that markets alone will deliver them at the pace and scale required"
@jayasood.bsky.social , senior economist @neweconomics.bsky.social , makes the case for renewed public financing for mature tech like wind and solar:
@jayasood.bsky.social , senior economist @neweconomics.bsky.social , makes the case for renewed public financing for mature tech like wind and solar:
Lack of finance is holding back existing, as well as new, green technology
buff.ly
May 22, 2025 at 6:00 AM
"It’s a mistake to think that mature technologies are out of the woods, or that markets alone will deliver them at the pace and scale required"
@jayasood.bsky.social , senior economist @neweconomics.bsky.social , makes the case for renewed public financing for mature tech like wind and solar:
@jayasood.bsky.social , senior economist @neweconomics.bsky.social , makes the case for renewed public financing for mature tech like wind and solar:
Reposted by Jaya Sood
"I think there's a really big danger here that the Bank of England looks at these figures and decides to hold interest rates."
@jayasood.bsky.social explains why holding interest rates in response to today's inflation stats would be bad for people and the economy
@jayasood.bsky.social explains why holding interest rates in response to today's inflation stats would be bad for people and the economy
May 21, 2025 at 3:17 PM
"I think there's a really big danger here that the Bank of England looks at these figures and decides to hold interest rates."
@jayasood.bsky.social explains why holding interest rates in response to today's inflation stats would be bad for people and the economy
@jayasood.bsky.social explains why holding interest rates in response to today's inflation stats would be bad for people and the economy
Reposted by Jaya Sood
Excited to be kicking off our event in Brussels! We'll be discussing the case for monetary-fiscal co-ordination in this new age of economic shocks. Follow this thread to find out what our great line up of speakers (including MPC member Swati Dhingra) have to say👇
May 15, 2025 at 12:15 PM
Excited to be kicking off our event in Brussels! We'll be discussing the case for monetary-fiscal co-ordination in this new age of economic shocks. Follow this thread to find out what our great line up of speakers (including MPC member Swati Dhingra) have to say👇
Touched down in Brussels for @neweconomics.bsky.social monetary-fiscal coordination event featuring Swati Dhingra & Hans Stegeman 🥳
May 15, 2025 at 9:40 AM
Touched down in Brussels for @neweconomics.bsky.social monetary-fiscal coordination event featuring Swati Dhingra & Hans Stegeman 🥳
Reposted by Jaya Sood
The biggest review of pensions in a generation is underway.
We're want:
💷 Decent pensions for all.
☀️ A just transition to a thriving low-carbon economy.
🚫 A phase-out of funding for fossil fuels, deforestation and other harmful industries.
Sign now: to.350.org/pensions
We're want:
💷 Decent pensions for all.
☀️ A just transition to a thriving low-carbon economy.
🚫 A phase-out of funding for fossil fuels, deforestation and other harmful industries.
Sign now: to.350.org/pensions
April 30, 2025 at 9:48 AM
The biggest review of pensions in a generation is underway.
We're want:
💷 Decent pensions for all.
☀️ A just transition to a thriving low-carbon economy.
🚫 A phase-out of funding for fossil fuels, deforestation and other harmful industries.
Sign now: to.350.org/pensions
We're want:
💷 Decent pensions for all.
☀️ A just transition to a thriving low-carbon economy.
🚫 A phase-out of funding for fossil fuels, deforestation and other harmful industries.
Sign now: to.350.org/pensions
We're no longer in a world where crises are the exception to the rule -- Trump's impending tariffs are just another blow.
The good news is we have the tools to navigate this -- NEF's monetary- fiscal coordination framework explains how 👇🏽👇🏽
Wrote about this with Dom: neweconomics.org/2025/04/when...
The good news is we have the tools to navigate this -- NEF's monetary- fiscal coordination framework explains how 👇🏽👇🏽
Wrote about this with Dom: neweconomics.org/2025/04/when...
When economic shocks are the norm, coordination trumps chaos
A collaborative approach to domestic monetary and fiscal policy is essential in an increasingly shock-ridden world
neweconomics.org
April 25, 2025 at 5:32 PM
We're no longer in a world where crises are the exception to the rule -- Trump's impending tariffs are just another blow.
The good news is we have the tools to navigate this -- NEF's monetary- fiscal coordination framework explains how 👇🏽👇🏽
Wrote about this with Dom: neweconomics.org/2025/04/when...
The good news is we have the tools to navigate this -- NEF's monetary- fiscal coordination framework explains how 👇🏽👇🏽
Wrote about this with Dom: neweconomics.org/2025/04/when...
Reposted by Jaya Sood
Now more than ever, the UK needs an ambitious plan to scale up investment in the just green transition: pensions reform allied to a scaled up, effective National Wealth Fund are major tools to do the job.
My new Op Ed in NZI:
www.netzeroinvestor.net/news-and-vie...
@jayasood.bsky.social
My new Op Ed in NZI:
www.netzeroinvestor.net/news-and-vie...
@jayasood.bsky.social
April 14, 2025 at 8:50 AM
Now more than ever, the UK needs an ambitious plan to scale up investment in the just green transition: pensions reform allied to a scaled up, effective National Wealth Fund are major tools to do the job.
My new Op Ed in NZI:
www.netzeroinvestor.net/news-and-vie...
@jayasood.bsky.social
My new Op Ed in NZI:
www.netzeroinvestor.net/news-and-vie...
@jayasood.bsky.social
Reposted by Jaya Sood
Excited to share a new @neweconomics.bsky.social arguing that deliberate monetary-fiscal coordination could help central banks manage inflation more effectively while enabling greater investment towards economic goals
Our paper categorises different policy tools for different inflation scenarios
Our paper categorises different policy tools for different inflation scenarios
March 20, 2025 at 8:42 AM
Excited to share a new @neweconomics.bsky.social arguing that deliberate monetary-fiscal coordination could help central banks manage inflation more effectively while enabling greater investment towards economic goals
Our paper categorises different policy tools for different inflation scenarios
Our paper categorises different policy tools for different inflation scenarios
The National Wealth Fund has major potential boost the UK's dismal investment levels - but has so far been underutilised.
@theoharris.bsky.social & argue that Labour must position the NWF as a proactive, market-leading institution, with enough financial firepower to have impact.
@theoharris.bsky.social & argue that Labour must position the NWF as a proactive, market-leading institution, with enough financial firepower to have impact.
March 19, 2025 at 11:18 AM
The National Wealth Fund has major potential boost the UK's dismal investment levels - but has so far been underutilised.
@theoharris.bsky.social & argue that Labour must position the NWF as a proactive, market-leading institution, with enough financial firepower to have impact.
@theoharris.bsky.social & argue that Labour must position the NWF as a proactive, market-leading institution, with enough financial firepower to have impact.
Reposted by Jaya Sood
This, from a DWP press release yesterday (gov.uk/government/n...), is outrageous
In two short paragraphs it peddles multiple falsehoods about the current system that will be used to justify upcoming cuts & changes
Here's what MPs & journalists should be challenging... 🧵
In two short paragraphs it peddles multiple falsehoods about the current system that will be used to justify upcoming cuts & changes
Here's what MPs & journalists should be challenging... 🧵
March 14, 2025 at 1:26 PM
This, from a DWP press release yesterday (gov.uk/government/n...), is outrageous
In two short paragraphs it peddles multiple falsehoods about the current system that will be used to justify upcoming cuts & changes
Here's what MPs & journalists should be challenging... 🧵
In two short paragraphs it peddles multiple falsehoods about the current system that will be used to justify upcoming cuts & changes
Here's what MPs & journalists should be challenging... 🧵