Jonty Bloom

London

Business Correspondent at BBC

I was Business Correspondent for the BBC. Now I am a freelance journalist on economics and Brexit, speeches, chairing conferences etc. Owned by Barnie the dog

Articles

Brexit is a killer

2 weeks ago | theneweuropean.co.uk | Jonty Bloom

Brexit is bad for your health, especially if you have cancer. That’s the conclusion from a report titled “Nothing Should Stand In The Way”. The paper, from Cancer Research UK (CRUK), details how the manner in which Britain left the European Union has done just that – stood in the way of the best possible cancer research and care for UK patients. Importing new cancer drugs now costs almost four times as much. For some trials, shipping costs have increased tenfold.
The unwanted return of Nick Clegg

2 weeks ago | theneweuropean.co.uk | Jonty Bloom

Few were waiting eagerly for the return of Nick Clegg, who as deputy prime minister went along with Tory austerity policies and failed to stop Brexit, then spent a happy few years in California making millions working for Mark Zuckerberg, a man who looks benevolent only when standing next to Elon Musk.
We can’t trust Trump, so prioritising an EU trade deal is a no-brainer

2 weeks ago | theneweuropean.co.uk | Jonty Bloom

The BBC’s headline on its interview with the chancellor made what she said sound vaguely controversial: “Reeves suggests UK trade with EU more important than US”. In fact, Rachel Reeves’s statement was a no-brainer. We do more than 41% of our trade with the EU, another 5% with the EEA and Switzerland and just 13.5% with the United States. There is no “suggests” about it – it is absolute fact that for the UK, trading with Europe is more than 3 times more important to the UK than trade with America.
The laughable war against youth mobility

2 weeks ago | theneweuropean.co.uk | Jonty Bloom

The progress may be glacial, but at least the glacier of youth mobility is finally moving forward. Following months of denial, the government is now letting it be known that it is in favour of a reciprocal youth mobility agreement with the European Union after all. The news was pretty inevitable ahead of the Brexit reset summit next month, because the EU was insisting tht a mobility scheme had to be done as a sign of good faith.
Why Trump wants to fire America’s No.1 banker

3 weeks ago | theneweuropean.co.uk | Jonty Bloom

Headlines in the US and in the financial and economic press across the world are dominated by a single question: can the president fire the head of the Federal Reserve? Will Trump sack Jay Powell, the head of the USA’s central bank, the person in charge of US interest rate policy, and whose job it is to control inflation? And why does Trump want to get rid of him? Inflation is a horrendous problem.
Starmer needs to tell Vance “no deal”

4 weeks ago | theneweuropean.co.uk | Jonty Bloom

Apparently, we should be grateful that US Vice President JD Vance thinks there is a “good chance” that a trade deal can be negotiated with the UK. But as for details, these are few and far between. But this has not stopped the right wing in the UK claiming that such a deal is essential to post-Brexit Britain and a reward for breaking away from the EU. But their problem is the maths. For them and for the UK, the numbers are just terrible.
Sorry Brexiteers, the Trump bonus was a joke

1 month ago | theneweuropean.co.uk | Jonty Bloom

There was a very short period of time this month, when the Brexiteers thought that, at last, they had found a Brexit benefit that they could crow about. My word they were happy. It was the fleeting moment when president Trump put 10% tariffs on the UK and 20% tariffs on the EU. During that week, the Brexit mob argued triumphantly that our being out of the EU meant we faced a lower tariff than would have been the case and that this vindicated our decision to leave the bloc once and for all.
Trump's tactics to stitch up the market won't work

1 month ago | theneweuropean.co.uk | Jonty Bloom

The second that Trump surrendered, announcing that the worst of his tariffs would be paused for 90 days with the exception of those levied on China, the markets surged. Only a few hours before his announcement to reverse his policy, the president took to his own social media platform to inform his followers that, “This is a great time to buy” along with the stock market code for his own company’s shares. When he announced that the tariffs were being paused, markets surged.
Musk is right about tariff moron Navarro

1 month ago | theneweuropean.co.uk | Jonty Bloom

It is hard to work out who the bigger moron is in America at the moment. Elon Musk called Peter Navarro, who is the man Trump has turned to for advice on his tariff trade policy, “truly a moron”. This came after his colleague in the dysfunctional and dangerous MAGA administration justified putting tariffs on the imported parts that Musk puts in his Tesla cars on the grounds that “he’s not a car manufacturer.
Here comes the Trump Slump

1 month ago | theneweuropean.co.uk | Jonty Bloom

Late on Wednesday – or “Independence Day” as president Trump cynically called it – the US imposed tariffs on the whole world. The tariffs include a 10% tariff on everyone, even if they import more from America than they export, and then some additional, “reciprocal” rates. These were arrived at by taking the country’s trade deficit with the USA, halving the total and making that the percentage tariff. This assumes that a trade deficit is caused by unfair practices, which is nonsense.

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Jonty Bloom @JontyBloombiz

15 Jan 25

Having flicked through Twitter last night for one final time I found nothing but bigotry, racism, stupidity, conspiracy theories, street fighting and porn. Bye bye

Jonty Bloom @JontyBloombiz

30 Dec 24

You won’t regret it - great fun.

Richard Coles @RevRichardColes

I have firmed up my New Year’s resolution: to learn Canasta. https://t.co/gU1lNQ0wGa

Jonty Bloom @JontyBloombiz

24 Dec 24

What experience do you have that might help?

Liz Truss @trussliz

Economic doom loop continues thanks to @RachelReevesMP unfunded tax rises. Until Britain rediscovers the Laffer curve and cuts tax, regulation and the state - we are in dire trouble.