@TorstenBell

MP for Swansea West @torstenbell.bsky.social

Joined January 2014
What is @KemiBadenoch’s new big idea? Exactly the same as the Conservatives’ old big idea: unfunded tax cuts. It’s the lack of imagination as much as the fiscal incontinence that stands out torstenbell.substack.com/p/k…
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Selling out Britain’s future goes back to Thatcher. Had we invested oil/gas revenues we’d have a fund worth £1 trillion now. Selling off assets at less than they were worth (think council houses/utilities) + spending not investing the proceeds trashed the UK’s balance sheet
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The political economy of modern conservatism since Thatcher is to offer unfunded giveaways today, while leaving Britain worse off tomorrow. On this basis at least Kemi Badenoch can call herself a real Conservative torstenbell.substack.com/p/k…
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Sixty years ago, 116 children and 28 adults died when a spoil tip collapsed onto Aberfan. My grandpa was amongst those who drove out to help, but for too many it was too late. The PM has visited to honour the community and lives taken too soon. They are not forgotten.
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Easy answer - we haven’t
"Why have they saved all of the deficit reduction plans for the end of this Parliament?" Kemi Badenoch accuses Andy Burnham of "kicking everything into the long grass" and says his plans will happen "far in the future." 📺Full interview at 7pm | @AliFortescue | Sky 501
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Here’s the @IMFNews chart spelling this out.
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As the IMF said last week the UK stands out for delivering, not just talking about delivering, its fiscal consolidation. This is the current Tory leader criticising the approach taken by… the last Conservative govt - who promised to reduce borrowing but never did so
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Headlines of labour market stats reinforce resilience of UK economy this year: - employment rate ⬆️ by 0.2% to 75.3% - amongst the highest on record - unemployment rate down⬇️ 0.1% - inactivity ⬇️ 0.1% in the latest quarter (and a full 1% since 2024 election)
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September is always a busy month – when the kids go back to school and MPs return to Parliament after the summer recess (no jokes about who is better behaved please). Read my latest monthly update on how I've been standing up for people in Swansea. torstenforswansea.substack.c…
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Sun-drenched start to the day in Liverpool for the Pensions UK annual conference. Lovely to see lots of friendly faces and discuss what is a pivotal moment for pensions - the next year will lay the ground work for the system that will take us into the middle of this century.
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What next? Today I have confirmed the Pensions Commission will deliver their final recommendations to address the challenges above in February and the Government will respond swiftly in the spring.
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Here’s the slide pack for the small group who are 1) very interested in pensions 2) weren’t in Liverpool torstenbell.substack.com/p/p…
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