Tom Lancaster @tommlancaster.bsky.social · 18/11/2024You can argue about the numbers & who will and won’t be hit - and for what it’s worth I think the Treasury numbers are well off - but it’s the loss of this opportunity and collateral damage these reforms create that present the bigger cost for this government in the longer term 141 0
Tom Lancaster @tommlancaster.bsky.social · 18/11/2024On policy, APR was (and is) a potentially hugely powerful lever for change In ag policy land, we’ve traditionally relied upon 💷 Incentives 📋 Advice 🏑 Regulation Reforming APR was always the thing that ‘couldn’t happen’ 151 0
Tom Lancaster @tommlancaster.bsky.social · 18/11/2024Now that it has, it’s depressing to see it done with so little imagination For example, you could in theory use APR to do two things a) incentivise greener farming b) reward longer term tenancies 151 0