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The requirement for #fiscalpolicy is to find the right balance between flexibility to respond to changing socioeconomic circumstances and the credibility to maintain control of #debt.

A THREAD 🧵⬇️

1/8

#AutumnStatement
#UKeconomy
#EconTwitter

niesr.ac.uk/publications/d…
Rules-based policies matter for credibility as they impose both external and internal discipline, help ensure economic agents condition on the govt’s plans and allow us to understand progress relative to the plan, as we outlined in our research back in the spring of 2021 👆

2/8
We suggest five main proposals for a new #fiscalframework which seeks to address the current deficiencies:

1⃣ ▶️ The #Chancellor should set out a structured timetable for fiscal events and deliver a #Budget speech focused on the state of the economy and the

3/8
Read 8 tweets
So @peston roasted for Q’s re: #COVID #antibodytest and told tests unreliable until 28days by #PHE #DCMO - this was NOT correct.
This paper from @nature ow.ly/6TDz30quY7V published 2 days ago shows 50% antibody +ve at 7days from symptom onset & all by 2 weeks 1/x
The dogmatic resistance to #antibodytest by PHE & the failure of their experts to be properly briefed about emerging evidence is potentially damaging. #COVID19 Patients presenting to hospital have typically had symptoms for several days & may therefore be #antibodytest +ve 2/x
...& the test may therefore have some utility- even in an intensive care setting where PCR tests may also be (false) negative ow.ly/ZQUM30quYU0 - antibody positive test results would moderate clinical decision making in latter clinical stages (>1-2weeks) 3/x
Read 11 tweets

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