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John Redwood criticizes the Bank of England for continuing to sell bonds at a loss, stating this practice negatively impacts taxpayers.
He suggests the central bank is likely to keep its base rate unchanged and faults it for frequently focusing on the wrong indicators and misjudging inflation.
Redwood has previously raised concerns about the impact of government policy on economic growth, noting that the OBR now projects 1.1% UK GDP growth and higher unemployment for 2026 following Labour tax changes (link). He has also highlighted rumors regarding discounted fees for EU students at UK universities and questioned the financial implications for institutions (link). His recent comments continue a pattern of scrutinizing major fiscal and monetary decisions.