I do times inbetween tweets, translate the difference, plug the numbers back to the drops. Lookin at DJT this will be a more inclusive one. We'll look at three tweets instead of two, don't worry I'll seperate and post a refresh snip in the interest of organization.

#Justin A day before the @MyMDC_T EOC, the party Treasurer General says he is unable to fund travel costs for delegates to congress because the money was allegedly stolen. We share contents of the letter from #ChiefNdlovu

“My office has been inundated with calls from concerned EOC delegates who by now should have received their Provincial transport allocation.
It has come to my attention that some of our members may not be able to travel to the EOC due to lack of funding.”

Equally I have received allegations that the Treasury is refusing to make payments for EOC, nothing could be further from the truth. I would like to take this opportunity as your Deputy Treasurer to inform you that as treasury we are not able to pay due to the fact that...

that funds were withdrawn from the party account on the 18th December 2020, we are still pursuing and trying to get some Standing Committee members who were involved in the unapproved transfer to return the money to the Party.
I was left a bit shocked to learn that the SG expects

Treasury to release money when he is the one who transferred all the money out of the account without my explicit approval. Perhaps the SG must inform members where the money is. I certainly do not have any knowledge of who he sent the money to or what has happened to those funds

The crisis in the NHS is overwhelming this week. It has reminded me of conversations I had with my late father on how to manage within the state sector. I think they're worth sharing.

My father worked for the nationalised electricity industry from the late 1940s to late 1980s. He spent much of that time as a fairly senior engineer. He was committed to what he did. He believed electricity supply was a human right. And he sought to delver it.

He left the industry and retired when he realised that privatisation challenged what the believed in. The priority was no longer supply. It was, instead, profit. He had a clear example of the difference this made. It was about emergency management.

In his day the state electricity boards ensured that they had all the capacity they needed to manage emergencies to keep supply going as well as possible, come what may. It meant there was excess capacity. But it wasn't wasted - maintenance and training was done instead.

Privatisation saw that excess as waste, and it went. It was assumed contracts could buy in support when needed. My father believed that was dangerous - because when demand was strongest the most inexperienced people would be put to work on the job.

UK Energy White Paper is here.

I'll tweet the key points here👇

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Link to press

UK commits to an Emissions Trading Scheme (ETS) from 1 January 2021.

Seems like a win for @beisgovuk, as @hmtreasury was known to be keen on a carbon tax

2/

Exploring the RAB model for new nuclear, as per @emilygosden article in @thetimes this

From press release, doesn't look like that many big new measures. Not surprising, as next year we're expecting:
▶️ Heat & Buildings Strat
▶️ Industrial Decarb Strat
▶️ Hydrogen Strat
▶️ Net Zero Strat
▶️ Transport Decarb Plan

And

A couple of hours later, and the White Paper is now here.

Powering Out Net Zero Future.

Details to follow

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While debt-to-GDP ratios already have a limited but very misunderstood use, it seems economists are finding bright new ways of misunderstanding them. Now we say that when nominal interest rates are lower than nominal growth rates, the

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downward pressure on the debt-to-GDP ratio makes rising government debt and larger government deficits more sustainable and more easily justified.

This is totally confused. When the nominal interest rate is lower than the nominal GDP growth rate, it only means that net...

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borrowers are getting a disproportionate share of growth relative to net lenders. This in and of itself changes the comparability of the debt-to-GDP ratio, so the fact that the ratio may decline tells us nothing about its sustainability which, I'm glad to say, isn't...

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a mistake Olivier Blanchard makes in this article.

At least three things matter. First, whether or not rising debt is sustainable depends almost wholly on underlying conditions in the real economy, and only trivially on the arithmetical relationship between...

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the interest rate and the growth rate. Second, this approach simply assumes away financial distress costs, in which case debt capacity is infinite anyway and the interest rate becomes irrelevant. And third, it assumes that the nominal debt level matters independently...