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MMTUK Policy Research Group @mmtuk.bsky.social · 22/09/2026

"Colonised by purchase rather than conquest," Warren Buffett warned. Our new animated briefing explains why that fear misses the point. #MMT mmtuk.org/education/briefings/the-i…

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MMTUK Policy Research Group @mmtuk.bsky.social · 19/09/2026

Trade deficits aren't a sign of losing. They're real goods received for currency. A sovereign nation can run them indefinitely if it governs well. #MMT mmtuk.org/education/briefings/the-i…

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MMTUK Policy Research Group @mmtuk.bsky.social · 18/09/2026

Warren Buffett's trade deficit parable left something out: what a government can actually do. Meet Makerville, the island he forgot. #MMT mmtuk.org/education/briefings/the-i…

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MMTUK Policy Research Group @mmtuk.bsky.social · 30/07/2026

The Bank held rates this week, and rightly so. Monetary policy can't fix an imported energy shock, but it can stop standing in the way of the fiscal policy that can. Writes @patriciapino.bsky.social

mmtuk.org

https://mmtuk.org/research/the-wrong-tool-for-the-job/

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MMTUK Policy Research Group @mmtuk.bsky.social · 20/06/2026

In Brighton today, 10:30am at the Jubilee Library, speaking with Steven Hail on public investment, fiscal framing, and why the "household budget" account of affordability has the causation backwards. #MMT #economics #UKpolitics

events.humanitix.com

https://events.humanitix.com/anti-austerity-economics-brighton

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MMTUK Policy Research Group @mmtuk.bsky.social · 18/06/2026

Both hosts of the MMT Podcast will be in Brighton this Saturday. Patricia Pino and Christian Reilly join Steven Hail and Sheridan Kates for a full day of lectures on money, inflation and public purpose. Saturday 20 June, 10:30am–4pm. #MMT #economics #UKpolitics

events.humanitix.com

https://events.humanitix.com/anti-austerity-economics-brighton

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MMTUK Policy Research Group @mmtuk.bsky.social · 13/06/2026

Can public investment help us fight inflation? Patricia Pino, our Executive Director, speaks on 'Public Investment and the Cost of Living Crisis' at the Brighton workshop this Saturday 20 June. #MMT #economics #UKpolitics

events.humanitix.com

https://events.humanitix.com/anti-austerity-economics-brighton

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MMTUK Policy Research Group @mmtuk.bsky.social · 11/06/2026

The summer 2026 injection window for Rough storage closes in weeks. What we set now determines winter 2026/27 resilience. The UK can move from price taker to price shaper. #MMT #economics #UKpolitics

mmtuk.org

https://mmtuk.org/research/energy-price-policy/

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MMTUK Policy Research Group @mmtuk.bsky.social · 10/06/2026

£15/hr, £31,200/yr. Up to 4 million beneficiaries. A Job Guarantee sets a wage floor, ends involuntary unemployment, and costs £9,458–£12,135 per participant. The social value: £10.1bn–£33.5bn. SROI 140–180%. Read the full case. #MMT #economics #UKpolitics

mmtuk.org

https://mmtuk.org/research/job-guarantee/

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MMTUK Policy Research Group @mmtuk.bsky.social · 09/06/2026

Public investment isn't unaffordable. A currency issuer chooses what to spend on. Join us Saturday 20 June in Brighton to learn how to reframe the debate: finding the money, building anti-austerity economics for the UK, and winning the argument. #MMT #economics #UKpolitics

events.humanitix.com

https://events.humanitix.com/anti-austerity-economics-brighton

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MMTUK Policy Research Group @mmtuk.bsky.social · 08/06/2026

(1/5) The UK is a price taker in global gas markets. Summer 2026 is the action point: storage injection this season determines winter resilience. We have a plan to move from taker to shaper. #MMT #economics #UKpolitics

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MMTUK Policy Research Group @mmtuk.bsky.social · 07/06/2026

Can public investment ever be unaffordable? It depends what we spend it on. Join Patricia Pino of MMTUK, at Brighton on 20 June to explore how a currency issuer funds the economy. Full day, three sessions, no economics background needed. #MMT #economics #UKpolitics

events.humanitix.com

https://events.humanitix.com/anti-austerity-economics-brighton

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MMTUK Policy Research Group @mmtuk.bsky.social · 06/06/2026

The UK government is not a household. It doesn't need to "find the money" before it spends because it issues the currency. The real constraint on spending is what we can actually produce; labour, materials, land; not the size of the deficit. #MMT #economics #UKpolitics

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MMTUK Policy Research Group @mmtuk.bsky.social · 05/06/2026

Inflation is not inevitable when unemployment falls. That's the Phillips curve myth. A Job Guarantee at £15/hr sets a wage floor and anchors prices without requiring involuntary joblessness. Full employment and price stability are jointly achievable. #MMT #economics #UKpolitics

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MMTUK Policy Research Group @mmtuk.bsky.social · 04/06/2026

The UK imports gas at volatile global prices while exporting cheap domestic supply. This summer's storage injection window is the action point: a public reserve at Rough, a Bacton export levy. #MMT #economics #UKpolitics

mmtuk.org

https://mmtuk.org/research/energy-price-policy/

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MMTUK Policy Research Group @mmtuk.bsky.social · 03/06/2026

The UK runs a trade deficit. Orthodox economics calls this a failure. MMT calls it a real benefit: imports are goods and services we consume; exports are goods and services we give away. Read our base case for analysis on how a currency issuer should think about trade. #MMT #economics #UKpolitics

mmtuk.org

https://mmtuk.org/education/mmt-international-trade/

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MMTUK Policy Research Group @mmtuk.bsky.social · 02/06/2026

"If one million young people cannot find a job, education, or training, the solution is obvious: have the central government fund organisations that can offer them one. But policymakers cannot comprehend an answer that does not rely on the 'market' to solve all the problems." A must-read thread #MMT

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MMTUK Policy Research Group @mmtuk.bsky.social · 02/06/2026

The "bond market" threat to public spending is a bluff. The UK is a currency issuer. It sets interest rates, not the other way round. Bond issuance is a reserve-draining operation, not funding for spending. Read how the real constraint works. #MMT #economics #UKpolitics

mmtuk.org

The Bond Market Bluff

Every time someone in British politics proposes funding public services properly, the bond markets get wheeled out like a loaded gun. Spend more on the NHS and the markets will panic. Hire more teachers and investors…

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MMTUK Policy Research Group @mmtuk.bsky.social · 01/06/2026

(1/5) Public investment is not unaffordable. A currency issuer can always spend on public purpose. The question is whether we choose to. Come to Brighton on 20 June to learn why austerity is a political choice, not an economic law. #MMT #economics #UKpolitics

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MMTUK Policy Research Group @mmtuk.bsky.social · 31/05/2026

Inflation is not an inevitable fact of full employment. It is a policy choice about whether to use unemployment as a price anchor. The Job Guarantee replaces the jobless anchor with a fixed wage floor. Full employment and price stability become jointly achievable. #MMT #economics #UKpolitics

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MMTUK Policy Research Group @mmtuk.bsky.social · 30/05/2026

(1/5) Richard Murphy raised real questions about the Job Guarantee. We've answered them. 4 million people employed at £15/hr, net cost £9,458 per person, Social ROI 140–180%. This is the economic conversation the nation needs. #MMT #economics #UKpolitics

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MMTUK Policy Research Group @mmtuk.bsky.social · 29/05/2026

The UK is a price taker in global gas markets. In winter, the cost of expensive LNG sets our wholesale price. Summer is the only window to change that before demand peaks again. Four instruments make it possible. Read our full report. #EnergyPolicy #UKEnergy #EnergySecurity

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MMTUK Policy Research Group @mmtuk.bsky.social · 28/05/2026

The UK government can always afford to pay for real things that exist: nurses, insulation, flood barriers, care workers. The constraint is never money. It's whether the real resources are available. #MMT #economics #UKpolitics

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MMTUK Policy Research Group @mmtuk.bsky.social · 27/05/2026

Inflation always has winners and losers. How it is addressed is a policy choice about which group bears the cost of scarce real resources. The orthodox story says we must maintain unemployment to control prices. That story is wrong. #MMT #economics #UKpolitics

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MMTUK Policy Research Group @mmtuk.bsky.social · 26/05/2026

Imports are real benefits. Exports are real costs. This is the base case for analysis in a monetary sovereign's trade account. #MMT #economics #UKpolitics

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MMTUK Policy Research Group @mmtuk.bsky.social · 26/05/2026

UK gas prices are set by global LNG markets, even though LNG is a minority of supply. Four instruments change that: anchor domestic prices below continental levels, attract imports when needed, build a strategic buffer, and decouple electricity from gas. #EnergyPolicy #UKEnergy

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MMTUK Policy Research Group @mmtuk.bsky.social · 24/05/2026

Inflation is not an unemployment problem. It's a choice about what anchors wages and prices. The orthodoxy uses joblessness as a price anchor; MMT uses a Job Guarantee wage floor. Same inflation control. Different cost in human terms. #MMT #economics #UKpolitics

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MMTUK Policy Research Group @mmtuk.bsky.social · 23/05/2026

Imports are real benefits. Exports are real costs. That's the base case for analysis in a currency-issuing economy. The UK gets goods and services; in return, it exports pounds. Which would you rather have? #MMT #economics #UKpolitics mmtuk.org/education/mm...

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MMTUK Policy Research Group @mmtuk.bsky.social · 22/05/2026

The price of UK's gas supply is set by global LNG markets. Winter 2026/27 resilience depends on what we inject into Rough storage this summer. Increasing storage capacity is just one of four practical policy levers that can bring prices back under our control. #MMT #economics #UKpolitics

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MMTUK Policy Research Group @mmtuk.bsky.social · 21/05/2026

The UK government can always afford to pay for real goods and services available in the economy. The constraint is not pounds in an account; it is whether those goods and services actually exist. A currency issuer spends by crediting bank accounts. #MMT #economics #UKpolitics

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MMTUK Policy Research Group @mmtuk.bsky.social · 20/05/2026

The inflation-unemployment tradeoff is a myth. Both unemployment and inflation are real costs paid by real people. There's no honest way to balance them by hurting one group to protect another. #MMT #economics #UKpolitics

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MMTUK Policy Research Group @mmtuk.bsky.social · 19/05/2026

The UK imports goods its people consume and exports goods its people produce. Which is the real benefit? The imports. Exports cost real resources; imports deliver them. Read our base case analysis. #MMT #economics #UKpolitics mmtuk.org/education/mm...

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MMTUK Policy Research Group @mmtuk.bsky.social · 18/05/2026

The UK pays £25bn to subsidise energy prices while global gas markets set the rate. Stop being a price taker. A Bacton export levy, Import Attraction Mechanism, public Rough storage and Baseline Allocation Mechanism shift power back to the state. #MMT #economics #UKpolitics

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MMTUK Policy Research Group @mmtuk.bsky.social · 01/04/2026

MMT Richard Murphy recently published a critique of the core policy at the heart of MMT: the Job Guarantee. It was reasoned and balanced, but we believe misrepresented the Job Guarantee in key areas. Here is our response.

mmtuk.org

The Job Guarantee - A Response to Richard Murphy

A comprehensive response to Richard Murphy's critique of the Job Guarantee, examining administrative feasibility, inflation concerns, and the fundamental nature of unemployment.

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MMTUK Policy Research Group @mmtuk.bsky.social · 11/03/2026

Everybody worries about the #JobGuarantee and inflation but look at the wage data. @patriciapino.bsky.social shows how a phased move to £15/hr is forecast to add minimal inflation while wages for the lowest third rise ~30–35%. #MMT #Inflation #Wages

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MMTUK Policy Research Group @mmtuk.bsky.social · 10/03/2026

We keep debating the wrong things. Too often the choice is framed as repeating failed strategies or accepting decline. But as @patriciapino.bsky.social puts it: "The ceiling of our ambition has become self-imposed." #JobGuarantee #MMT

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MMTUK Policy Research Group @mmtuk.bsky.social · 09/03/2026

NAIRU is a concept that puts a number on how much unemployment is "acceptable." Professor Bill Mitchell explains that this is “archaic”. Yet it still drives policy decisions that affect millions of lives. #MMT #NAIRU #Economics mmtuk.org/job-guarantee

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MMTUK Policy Research Group @mmtuk.bsky.social · 08/03/2026

Professor Bill Mitchell on Universal Basic Income: "I actually hate it." Not because he's against helping people but because UBI dodges the real question and treats us as consumption units rather than societal members. #JobGuarantee #MMT #UBI mmtuk.org/job-guarantee

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MMTUK Policy Research Group @mmtuk.bsky.social · 07/03/2026

The official unemployment figures tell us almost nothing. @patriciapino.bsky.social describes the hidden unemployment crisis and the devastating social costs we're not counting: domestic abuse, unmet needs, broken communities. So what gives? #JobGuarantee #MMT #Unemployment

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MMTUK Policy Research Group @mmtuk.bsky.social · 06/03/2026

The idea behind the Job Guarantee didn't come from labour economics. Professor Bill Mitchell explains how a wool buffer stock model sparked one of the most powerful ideas in modern economic policy. #JobGuarantee #MMT

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MMTUK Policy Research Group @mmtuk.bsky.social · 05/03/2026

For decades, policymakers convinced themselves that keeping millions unemployed was necessary to control inflation. Professor Bill Mitchell explains how NAIRU logic turned unemployment from a problem to be solved into a tool to be used. mmtuk.org/news/mmtuk-p... #MMT

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MMTUK Policy Research Group @mmtuk.bsky.social · 04/03/2026

Labour's "youth guarantee" forced people into unchosen jobs at minimum wage while companies got subsidised labour. A universal Job Guarantee is fundamentally different. Here's how. mmtuk.org/job-guarantee #JobGuarantee #MMTUK #MMT

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MMTUK Policy Research Group @mmtuk.bsky.social · 03/03/2026

Community gardens. Solar panels. Greening our cities. @ptcherneva.bsky.social on how a Job Guarantee creates work that tackles the climate crisis, without waiting for the private sector to find a profit motive. mmtuk.org/job-guarantee #JobGuarantee #MMTUK #MMT

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MMTUK Policy Research Group @mmtuk.bsky.social · 02/03/2026

"Every single country could afford this type of program." Daniel Kostzer explains why a Job Guarantee is counter-cyclical: it shrinks when the economy grows and expands when needed most. mmtuk.org/job-guarantee #JobGuarantee #MMTUK #MMT

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MMTUK Policy Research Group @mmtuk.bsky.social · 01/03/2026

In 2001, Argentina had 25% unemployment and 55% poverty. Daniel Kostzer helped design Plan Jefe - an employment guarantee that gave people jobs, not just benefits. Here's what happened. mmtuk.org/job-guarantee #JobGuarantee #MMT #MMTUK

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MMTUK Policy Research Group @mmtuk.bsky.social · 28/02/2026

What a month! MMTUK - launched as Britain's first dedicated MMT policy organisation - published the UK Job Guarantee paper - held our launch event with Prof Bill Mitchell and Patricia Pino If you want more, please consider becoming a Founder Member: mmtuk.org/donate #MMT

mmtuk.org

Donate | MMTUK

Support MMTUK's mission to promote understanding of Modern Monetary Theory. Your donation funds independent research, education programmes and community outreach across the UK.

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MMTUK Policy Research Group @mmtuk.bsky.social · 27/02/2026

Our UK Job Guarantee paper is now available. It shows how the UK could end involuntary unemployment, strengthen local economies and anchor wages through a counter-inflationary employment guarantee. Read the paper: mmtuk.org/job-guarantee Support this research: mmtuk.org/donate #MMT

mmtuk.org

Job Guarantee | MMTUK

Learn about the Job Guarantee proposal.

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MMTUK Policy Research Group @mmtuk.bsky.social · 27/02/2026

"We don't have preventative solutions. We always allow unemployment to develop and then we scratch our heads." @ptcherneva.bsky.social on why a Job Guarantee prevents social costs rather than trying to fix them after the damage is done. mmtuk.org/job-guarantee #JobGuarantee #MMTUK #MMT

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