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Losses at the Bank of England are costing the Treasury £22bn on average for the rest of parliament. Cumulative costs are £13bn higher than expected in October. The UK is an outlier internationlly, both in terms of the size of these losses and billing them to taxpayers.

Disability cuts *are* cuts to carers benefits Households with a disabled person and a carer could lose over £1000 a month, with a net cut of £500m to carers benefits These are already some of the most financial insecure families in the country who need more support, not less.

AI has advanced so much that people are no longer able to distinguish it from humans in chat conversations. We will need to decide what role we want this new type of intelligence to play in society (eg on social media or for young people). Current policy is not keeping up.

Huge if true

A few more days to apply for this exciting senior economist role IPPR. In turbulent times, lots of big macroeconomic questions need answering.

The brilliant Carsten Jung is hiring!

Useful context for today’s inflation reading

I'm incredibly excited to be taking over as IPPR's associate director for economic policy and AI. Looking forward to working with such a brilliant team at a crucial time for UK economic policy making. Huge congrats to George for his secondment at DESNZ!

Well what can I say, I didn't expect to be doing the media rounds on the HMT Green Book, but here we are. Looking forward to seeing big changes next week to how investment in our regions is valued.

Delighted that Emma Norris will be joining IPPR as Director of Policy and Politics from IFG. She will be play a critical role in shaping a new era of progressive politics in this country. Very excited!

This FT article on UK tax is a bit too vibes-based. UK taxes are unremarkable in European context. Our tax wedge is in the lower third of OECD countries. Our 24% CGT rate is lower than many European countries. Where the UK does stand out is the cost of housing and childcare.

Interesting potential economic impact of AI agents - online platforms as we know them might be disrupted! (HT Jack Clark)

Excited to be hiring a Senior AI Research Fellow IPPR . With AI progressing rapidly, the economic and social impacts could be huge – from job disruption to misinformation. We design bold, sector-specific policies to ensure AI delivers public value. ippr.org/jobs/senior-re…

Today’s industrial strategy made some clear strategic choices for the future direction of the UK economy. IPPR found that there are opportunities for the UK in three key clean technology industries, all of which are featured in the strategy 1/8

About one more week to apply for our exciting AI-economy role!