Investment Editor @Telegraph // Former editor @InvestmentWeek
London, England
Joined September 2014
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James Baxter-Derrington retweeted
@jamesbaxterd discusses why he thinks the Chancellor’s promise of “breathing room” in next week’s Budget may not amount to much relief for taxpayers.
'From £2 bus fares to zero VAT on electricity bills, the promises may sound good on paper. But will they make a meaningful difference to household finances when bigger bills and tax rises could already be on the horizon?'👇
telegraph.co.uk/money/tax/ne…
Whatever the Chancellor says next week, your taxes are going up.
@Telegraph
telegraph.co.uk/money/tax/ne…
A simple formula guarantees next week's Budget will be painful: r-g
If ‘r’ is smaller than ‘g’, you’re on track for fiscal sustainability. If ‘r’ is bigger than ‘g’, well, you’re Britain today.
I explain why in this week's Investor: telegraph.co.uk/newsletters/…
@Telegraph
We should be angrier about this than we will be
The BBC has been accused of breaching impartiality rules after civil servants embedded in the broadcaster were tasked with writing articles and fact-checking various issues, The Telegraph can reveal ⤵️
telegraph.co.uk/news/2026/10…
Simply, @MarkMcvitie is one of the best and boldest thinkers Labour has. It feels a shame to take a single extract from his piece in the @spectator given the quality of the whole. Everyone, particularly those in Downing Street, should read it.
spectator.com/article/cormac…
James Baxter-Derrington retweeted
'In March 1948, the Trades Union Congress, the largest federation of unionised workers in Britain, did something that is today unthinkable: it put the needs of the country first.
'With great courage, the TUC engaged in a remarkable voluntary action: for two and a half years, members agreed to a wage freeze.'
@jamesbaxterd says, 'at a time when Britain’s debt-to-GDP ratio threatens to tip over 100pc as a result of government largesse, the Civil Service union has decided it’s the perfect time to bang the entitlement drum' ⤵️
telegraph.co.uk/money/jobs/w…
In 1948, the TUC did something that is now unthinkable: it put the needs of the country first.
With the nation in dire straits, its members agreed to a wage freeze.
They did so to “ensure that the government’s economic stability was not jeopardised by unrealistic wage demands”.
Today, in response to our worsening financial situation caused by decades of government largesse, our Civil Service union has threatened to strike if it isn't rewarded for its worsening productivity with a three-day weekend and a 10pc pay rise.
telegraph.co.uk/money/jobs/w…
James Baxter-Derrington retweeted
More than 20 million UK adults pay no income tax, according to Institute for Fiscal Studies analysis of government figures - more than a third of the adult population.
Identical to Reform’s bid for votes, the Lib Dems, led by Sir Ed Davey now want to raise the personal allowance, the starting point of income tax, to £15,000.
@jamesbaxterd explains why this could be fiscally unsustainable, morally irresponsible – and not the historic norm ⤵️
telegraph.co.uk/money/tax/in…
RT @georgeeaton: This is sensible, equalising capital gains and income tax would *cost* the UK around £3.5bn based on HMRC modelling.
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If Torsten is willing to take credit for this before it comes to pass, he must be willing to shoulder the blame if and when we don't cut the deficit because the Government he's a part of inevitably fails to cut spending as promised.
Not that this is the first Gov to do so...
I know the BBC is in dire straits and is public-service so will typically underpay, but this is a mad salary for such a weighty role.
Eventually the cost-cutting measures will become self-perpetuating!
James Baxter-Derrington retweeted
It's somewhat ridiculous after 2008 and 2016 that anyone still buys open-ended funds that invest in illiquid assets, and it's even more ridiculous that they then expect permanent daily liquidity.
Top UK builder pulls out of London as economic case ‘evaporates’ thetimes.com/business/compan…
My main takeaway from Kemi's speech and the IHT pledge is essentially this
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