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@NewEconomyBrief
‍New Economy Brief brings together credible analysis and proposals for building a fair, sustainable & resilient economy. Sign up to our weekly newsletter 👇
London, UKneweconomybrief.net/the-digest#sig…Joined May 2020
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New Economy Brief
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🔟 Finally, accessibility is an issue. "In our audience research, most had no comment about impartiality on fiscal policy because they didn’t know what the stories meant" meaning the BBC should "mix more engaging explanation into its coverage of economics".
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New Economy Brief
@NewEconomyBrief
9⃣ … and be aware that balance isn’t just both sides of politics, it means exploring different angles on an issues with “a broader definition of impartiality between different interests, in addition to the balance between the front benches”
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New Economy Brief
@NewEconomyBrief
8⃣ The BBC must interview a wider range of contributors... The BBC shouldn't "feel it can subcontract judgement about what’s reasonable or impartial to a few established names like the Bank of England, the OBR, the IFS or the Resolution Foundation, however respected."
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New Economy Brief
@NewEconomyBrief
7⃣ Similarly, phrases such as 'headroom', 'wiggle room' and asking if numbers "add up" were also found to be misleading as they can suggest that policies are the result of natural laws rather than political decisions.
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New Economy Brief
@NewEconomyBrief
6⃣ The language of 'fiscal rules' is misleading. "The phrase ‘fiscal rule’ might likewise convey necessity. But fiscal rules are only rules because the government of the day chooses to call them that... they’re not rules because some natural law dictates it."
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New Economy Brief
@NewEconomyBrief
5⃣ The BBC doesn't always represent a variety of interests, particularly regionally. "A striking example is VAT. In Wales, more VAT is paid than income tax, ditto North East England". Failure to account for this means "the tax interest of the better-off gets more attention".
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New Economy Brief
@NewEconomyBrief
3⃣ Economies and states shouldn't be compared to households. Household debt metaphors are found to be "dangerous territory, intensely contested, and can easily mislead". The analogy fails because, for e.g. "states don’t tend to retire or die, or pay off their debts entirely".
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New Economy Brief
@NewEconomyBrief
2⃣ The BBC sometimes fails to make it clear that policy decisions are political choices, not inevitable outcomes. "The language of necessity takes subtle forms; if the BBC adopts it, it can sound perilously close to policy endorsement."
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New Economy Brief
@NewEconomyBrief
1⃣ Journalists "lack understanding of basic economics or lack confidence reporting it". The review found that this was particularly the case with debt, with several journalists seeming "to feel instinctively that debt is simply bad" when the reality is much more nuanced.
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New Economy Brief Retweeted
James Meadway
@meadwaj
BBC review of their econ coverage is up. First glance, looking decent: "We think too many journalists lack understanding of basic economics or lack confidence reporting it. This brings a high risk to impartiality... it particularly affected debt."
bbc.co.uk
BBC publishes thematic review into taxation, public spending, government borrowing and debt output
The independent review spoke to over 100 people inside and outside the BBC and reviewed 11,000 pieces of relevant BBC online, TV and radio content, focussing closely on 1000
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New Economy Brief Retweeted
Jesse Griffiths
@JesseLGriffiths
The Chancellor today puts insurance sector reform (‘Solvency II’) at the heart of his growth plan, saying it will ‘unleash’ £100bn of new investment. In reality it means increased risks for all of us, and no guarantee the £bns will be invested. A 🧵 /1
bbc.co.uk
Jeremy Hunt says significant tax cuts in Budget unlikely
The chancellor, who outlined a growth plan, says there will be little room for cuts in March.
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New Economy Brief
@NewEconomyBrief
🤦 The 'fiscal black hole' is back in the news again. Read our explanation of why the black hole framing should be challenged and how it can lead to a 'doom-loop' of austerity which is more dangerous for economic growth and the public finances. 👇twitter.com/NewEconomyBrie
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The Times and The Sunday Times
@thetimes
Britain’s prospects for growth have declined, leaving the chancellor with a multibillion-pound hole before the budget in March thetimes.co.uk/article/gloomi
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New Economy Brief
@NewEconomyBrief
ICYMI: Read this week's #NewEconomyDigest for an explanation of the long-term causes of the crisis in the NHS and a review of solutions being proposed to clear the backlog in elective care. 👇 twitter.com/NewEconomyBrie
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Georgina Lee
@lee_georgina
This is my 6th year at @FactCheck and every winter England’s NHS has been in crisis. So when I started looking at the latest stats I was expecting to do a story about history repeating itself. But it’s not repeating. 2022 was *so* much worse. I can prove it in one graph.🧵
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New Economy Brief Retweeted
Jesse Griffiths
@JesseLGriffiths
We have a great new job available - Director of Programmes and Campaigns - deets below. DM me if you want to talk about it, or have someone to suggest who might be good for the role. Thanks! buff.ly/3hEUe8X
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Finance Innovation Lab
@TheFinanceLab
Do you want to play a key role in making the financial system more sustainable, democratic, just and resilient? We're looking for a Director of Programmes and Campaigns. The deadline for applications is 15/01/2023. Apply here: buff.ly/3hEUe8X
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