Jacob Reid (@JacobReid02) profile picture

Politics and economics journalist for Bloomberg, based in London Get in touch: [email protected]

London
Joined March 2021
Photo by Jacob Reid (@JacobReid02)Photo by Jacob Reid (@JacobReid02)Photo by Jacob Reid (@JacobReid02)Photo by Jacob Reid (@JacobReid02)Photo by Jacob Reid (@JacobReid02)Photo by Jacob Reid (@JacobReid02)Photo by Jacob Reid (@JacobReid02)Photo by Jacob Reid (@JacobReid02)Photo by Jacob Reid (@JacobReid02)Photo by Jacob Reid (@JacobReid02)
Jacob Reid retweeted
A fine piece of analysis of what the school PISA results tell us about immigration (quoting me, among others)
Some good news! The UK is a rare bright spot for children from immigrant families in the latest global education rankings. But that baffles policymakers... Ft analysis from @timleunig @PlattLucinda @MigObs in @business bloomberg.com/news/articles/…
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Exclusive with @JacobReid02 Andy Burnham is facing calls from Labour MPs and some of his own officials to provide greater clarity on the UK’s AI policy after a muted response to recent doomsday warnings Science and tech committee chair Chi Onwurah tells Bloomberg it’s like the run-up to the financial crisis: “We need to take action. What’s the point in government if it can’t do anything about an existential threat?” Business and trade committee chair Liam Byrne makes a similar comparison: “Right now, the reality is that legislators don't know what they don't know. We know that historically self-regulation does not work” Some UK officials involved in tech policy express concerns that the Burnham government does not appear to be prioritising it, especially in light of the recent warnings which they say they agree with There is a lack of interest and knowledge about AI in No10 and among ministers and political advisers, one says. Another says they hope ministers will play more of a role in the face of the rising risks Burnham is grappling with a policy problem no major country has managed to resolve: the UK wants to seize the opportunity to be a leading player on cutting-edge AI technology and standards, and is seeing early signs that AI is behind a recent lift to an otherwise flat-lining economy It is also increasingly concerned about the risks shared at the weekend by the likes of Antrophic’s Dario Amodei and Open AI’s Sam Altman. And No10 is attuned to the scepticism of Labour MPs and British voters, many of whom are instinctively worried about AI threats, including to jobs There is also the reality that the AISI, seen as one of Britain’s best assets, is reliant on the cooperation of the US and China, as shown by Anthropic cutting it out of its latest model The dilemma left UK ministers with little to say this week in response to the warnings, a vacuum which is being filled by a chorus of voices calling for government to do more AI minister Kanishka Narayan, who is highly rated, has tried to show willing with an article in the Times today saying “nothing is off the table” in terms of regulation. That’s a big shift from when he told @patrickxrbaker he wasn’t worried about existential risks, but there is no policy detail yet It perhaps says a lot that a big UK meeting with AI leaders tomorrow is being convened by the King rather than government bloomberg.com/news/articles/…
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Jacob Reid retweeted
NEW by @JacobReid02: Is Andy Burnham’s position on the fiscal rules settled? His choice of economic advisors strongly suggests not Andy Haldane and Jim O’Neill have repeatedly called for looser fiscal rules for years Haldane has said the case for changing them is “overwhelming” O’Neill has called them “petty and arbitrary” Richard Hughes, another Burnham adviser, has criticised the fiscal rules as ineffective Louise Haigh, Burnham’s top aide, has also repeatedly criticised the fiscal rules and suggested they should be changed. She recently wrote a paper with Yuan Yang, another close Burnham ally, calling for a new fiscal framework It is leaving economists unconvinced by Burnham’s claim during his campaign that he is fully committed to the existing fiscal rules “Don’t think this fiscal rules debate is settled,” warns @rbrharrison bloomberg.com/news/articles/…
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Jacob Reid retweeted
Great piece on the ground in Makerfield by @JacobReid02: bloomberg.com/news/features/…
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Jacob Reid retweeted
Europe’s far-right holds clues as to how the potential return of Donald Trump to the US presidency might play out trib.al/F19xmOB
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— @JacobReid02 has shown the UK’s party system is now more fragmented, suggesting it’ll be hard for the Tories to win as they’re fighting on multiple fronts — in 2019 more than 2/3 of seats were straight Tory-Labour fights — in 2024 that was under half as Reform and Greens rose
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New: Labour MPs want strategists to borrow the Democrat playbook on JD Vance by painting Robert Jenrick - frontrunner for the Tory leadership - as “weird” + why the Tories are daring to believe they have a path back to power w/@alexwickham @JacobReid02 bloomberg.com/news/articles/…
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Our weekend story with @EllenAMilligan @JacobReid02 >>>
NEW: @BloombergUK Saturday read Starmer’s early wobbles have let some Tories think the unthinkable: that they might just have a path back to power in 5 years The first glimmers of hope in the party are returning ahead of their conference in Birmingham bloomberg.com/news/articles/…
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Jacob Reid retweeted
Gold investors returning from their summer holidays will be eager to see whether the precious metal can sustain its record-breaking rally, or if it will succumb to the curse of September trib.al/KwVJ7mn
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Will Nigel #Farage's Reform #UK be able to capitalise on gains it made in the North of #England? The revenge of the places that don't matter in this @Bloomberg article by @JacobReid02 doi.org/10.1093/cjres/rsx024 bnnbloomberg.ca/business/pol…
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Excellent. I didn’t cite Rwanda in this piece on opportunity cost but it is a prime case of how government fritters taxpayers’ time economist.com/britain/2023/0…
Yvette Cooper has joined @mattholehouse's Campaign for Taxpayers' Time! Says Rwanda scheme cost £700m inc paying >1000 civil servants to work on it. Cleverly says that's "completely made up... including the salary of civil servants who are always going to be on the payroll"
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Fascinating @JacobReid02 analysis of MRP polls to try to work out what the Tories might look like after election — possible slight shift to moderates in parli party — net zero sceptics whacked — but centrist leader contenders out+right-wing ones still in bloomberg.com/news/articles/…
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We ran a range of election scenarios through Ben's widget, and cross-referenced against the declared membership of a range of Tory three-letter caucuses. Upshot: on a uniform swing, the party comes a lot more southern and English - but the uneasy factional balance is not solved.
Thanks to @JacobReid02 and @mattholehouse for asking me to play around with my wizzbang general election predictor for this piece. If you are interested in doing similarly, knock yourselves out. livedataoxford.shinyapps.io/…
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