Sign in

Peter Foster

@pmdfoster.bsky.social
45K followers 1.7K following 316 posts

Brighton-dwelling World Trade Editor at the Financial Times www.ft.com/peter-foster Sometime Brexit nerd & author of 'What Went Wrong with Brexit' t.co/VsIipD7JBr

PostsRepliesMedia
Reposted by Peter Foster
John Springford @johnspringford.bsky.social · 21/04/2026
Resolution has applied my model to data up to 2025. As the chart shows, we can be less confident as time goes on. But firm-level evidence from Bloom et al shows a 6% loss. I think it's time to retire the OBR's 4%, which was a simple average of pre-Brexit forecasts.
49946
Peter Foster @pmdfoster.bsky.social · 26/11/2025
This is a lot of ‘fun’🙈 — which is to say, genius illumination of fiscal drag effects. Dragging stealth tax out of the shadows, into the light.
15325
Reposted by Peter Foster
Alan Smith @theboysmithy.ft.com · 26/11/2025
New: 'Shark's fin' chart reveals the uneven impact of 'fiscal drag', the stealth tax beloved of recent chancellors. Plus use our interactive calculator to see how fresh freezes announced by Rachel Reeves at todays Budget could affect you on.ft.com/3KqOYUL
A chart of the projected percentage point increase un share of income paid as income tax and national insurance from 2025/25 through to 2029/30. It whos that 'fiscal drag' is set to hit those at or near frozen personal tax thresholdsScreenshot of financial times fiscal drag calculator.
34324
Reposted by Peter Foster
James O’Brien @mrjamesob.bsky.social · 08/10/2025
Lords Heseltine & Kinnock seem more alive to these self-evident truths than most members of the Commons. Similarly, I find thinkers with direct lived experience of far right dictatorship, Greeks of a certain age for example, crystal clear about what’s happening now.
611542419
Peter Foster @pmdfoster.bsky.social · 07/10/2025
AI pushers talk about it "augmenting" capacity, but that ignores human nature. Why walk or bike, when you can drive? It's easier, so most of us do, but you get fat & lazy. AI will do the same to a lot of people's brains, I fear. Via @financialtimes.com piece on AI habits ig.ft.com/ai-personal-...
55314
Reposted by Peter Foster
A Reader of the FT @a-reader-ft.bsky.social · 07/10/2025
WTO clings to signs Donald Trump still needs it — sometimes—While the US President’s unilateral tariffs have ridden roughshod over the WTO’s core principle of reciprocity in trade, diplomats argue… www.ft.com/content/15a9... @pmdfoster.bsky.social @financialtimes.com
ft.com
WTO clings to signs Donald Trump still needs it — sometimes
US takes ‘à la carte’ approach to global trade body, suggesting it has not completely turned its back on rules-based order
162
Peter Foster @pmdfoster.bsky.social · 05/10/2025
Brutal BBC piece on how fast Switzerland’s glaciers are melting. Drill baby drill. 🎶🎵 www.bbc.co.uk/news/article...
24222
Peter Foster @pmdfoster.bsky.social · 04/10/2025
Magnificent peroration to Simon Schama’s @financialtimes.com weekend essay on defending freedom of speech in the era of Trump - with help from Milton, Jefferson et al. on.ft.com/4gSqvDw Simon Schama: What America’s Founders can teach Trump about liberty
16425
Peter Foster @pmdfoster.bsky.social · 02/10/2025
Living. Working. Paying taxes. Contributing. This is a desperately poor editorial.
1119864
Peter Foster @pmdfoster.bsky.social · 26/09/2025
Brutal new MRP poll out today showing Reform at 311 and Labour support collapsing. Worth reading steaming @financialtimes.com column on Starmer by @robertshrimsley.bsky.social “Starmer can’t afford to wait for reckless Reform to implode” on.ft.com/3VxxCaR
1915058
Reposted by Peter Foster
Thomas Aubrey @thomasaubreycca.bsky.social · 23/09/2025
Financing infrastructure without unnerving the bond market @jenwilliamsft.bsky.social @tonytassell.bsky.social @pickardje.bsky.social @marymcd.bsky.social @pmdfoster.bsky.social @greenmirandahere.bsky.social
0124
Reposted by Peter Foster
Kinlika @kinlika.bsky.social · 22/09/2025
'Tylenol' is known in the civilised world as Paracetamol 2.4 million children born in Sweden between 1995 and 2019. Studied 186,000 children whose mothers were treated with paracetamol during pregnancy. news.ki.se/no-link-betw...
news.ki.se
No link between paracetamol use during pregnancy and autism or ADHD in children
In the largest epidemiologic study to date of the risk of giving birth to a child with autism, ADHD or intellectual disability following acetaminophen use during pregnancy, researchers found no associ...
421655697
Reposted by Peter Foster
Paul Lomax @paullomax.co.uk · 23/09/2025
I use this graph a lot.
This chart shows the history of left-handedness in the United States, plotting the percentage of left-handed people by year of birth from 1880 to 2000. The rate begins around 5% in 1880, dips to about 3% by 1900, then rises steadily through the early 20th century. By around 1950, it levels off at about 11–12%, where it remains through 2000. A speech bubble on the chart humorously states, “Left-handedness is over diagnosed,” pointing to the sharp rise during the mid-20th century. The trend reflects how left-handedness was suppressed in earlier generations but became more accepted over time.
524769
Peter Foster @pmdfoster.bsky.social · 20/09/2025
The data is in -- tourism to US dropped after Trump came in, while tourism recovered in rest of world...foreign arrivals at American airports down 3.8% compared with 2024, or 1.3m fewer people. With more Americans going the other way. See charts via @economist.com www.economist.com/graphic-deta...
65927
Peter Foster @pmdfoster.bsky.social · 18/09/2025
To even allow the appearance of this — Starmer’s No 10 adopting Trumpian media management policies — seems extraordinary to me. Very depressing.
1018649
Peter Foster @pmdfoster.bsky.social · 18/09/2025
Passion from WTO founder James Bacchus at @wto.org panel on “The WTO without the United States?” “I have a message for 165 of the 166 members of the WTO: ‘stop letting the United States of America push you around. Stand up for your rights under the WTO treaty’. …’use it or lose it’” Cue applause.
15814
Peter Foster @pmdfoster.bsky.social · 18/09/2025
on.ft.com/4nhvSyM NEW: Trump tariffs on EU medical devices will drive up US patient bills, industry claims …with a very testy White House response, which usually means they’re worried about it. Me and @judewebber.bsky.social for @financialtimes.com
13715
Peter Foster @pmdfoster.bsky.social · 18/09/2025
Spending a couple of days at the @wto.org in Geneva taking the pulse at the annual Public Forum — the “Woodstock of world trade” as one rather enthusiastic participant put it. Lots of jokes about whether WTO even has a pulse these days. Might be on life support, but not dead quite yet…
4317
Peter Foster @pmdfoster.bsky.social · 10/09/2025
Tariff exemptions to follow? 😏
3243
Reposted by Peter Foster
David Henig @davidheniguk.bsky.social · 08/09/2025
Even Trump has had to walk back on this a bit, but the wider point as we've seen before is that raising barriers harms investment because companies need access to imports and skills. There's no new economic paradigm being created in the US.
36417
Peter Foster @pmdfoster.bsky.social · 05/09/2025
The data that shows the internet removes guardrails and fuels populism — it’s either the unfiltered “will of the people” or digital mob rule. Take your pick. Grabs from @jburnmurdoch.ft.com piece here: on.ft.com/45WUaGw The end of the gatekeepers
47644
Reposted by Peter Foster
Cllr Nick Hartley - Green Party @nickhartleygreen.bsky.social · 05/09/2025
What stood out to me from Richard Tice’s interview on #BBCR4Today was his praise of the economic policies of… George Osborne. I wonder if that stood out for @nadinedorries.bsky.social too?
1255
Peter Foster @pmdfoster.bsky.social · 05/09/2025
Indeed: the populists do make people poorer, but then they blame anyone but themselves: immigrants, unions, foreign wars etc. Poor people are disgruntled. Ripe for exploitation by populists. Rinse and repeat. (As we’re seeing now)
410842
Reposted by Peter Foster
David Henig @davidheniguk.bsky.social · 05/09/2025
As we prepare for the next tidal wave of nonsense around Reform in the UK, two points should stand out as the core rebuttal - economic issues the UK faces are the same as many other countries - populist right policies have made those issues worse
15305118
Peter Foster @pmdfoster.bsky.social · 05/09/2025
Honking endorsement for Farage, Johnson et la, without a moment’s reflection that 10 years of UKIPified Tory govt created the mess they’re railing about — booming benefits bills, bond market routs, immigration surges, trade slump and investment slumps. Bring back Boris and Nadine! That’ll fix it. 🙈
1431091274
Reposted by Peter Foster
frde2059.bsky.social @frde2059.bsky.social · 02/09/2025
Useful comment about the complexity of de-globalization. @pmdfoster.bsky.social on.ft.com/47VkL9D
on.ft.com
Transcript: After globalisation — What’s next for a fractured world? With Neil Shearing
Peter Foster talks to Neil Shearing
011
Reposted by Peter Foster
PLMR Education @plmr.education · 01/09/2025
UK advertises contract to run Erasmus scheme Tender indicates ministers are preparing ground to rejoin European student swap programme. More from @financialtimes.com @pmdfoster.bsky.social @amyborrett.ft.com @andybounds.bsky.social on.ft.com/4pg1XbA #education #educationnews
on.ft.com
UK advertises contract to run Erasmus scheme
Tender indicates ministers are preparing ground to rejoin European student swap programme
1189
Peter Foster @pmdfoster.bsky.social · 01/09/2025
What a picture. Captions anyone?
23298
Peter Foster @pmdfoster.bsky.social · 01/09/2025
Great to talk to Capital Economics @neilshearing.bsky.social for latest edition of @financialtimes.com The Economics Show — he packs a lot into 30 mins! Free to listen. on.ft.com/4lPFaQZ After globalisation: What's next for a fractured world? With Neil Shearing
on.ft.com
After globalisation: What's next for a fractured world? With Neil Shearing
The global trading system is in a messy transition. What happens now
182
Reposted by Peter Foster
A Reader of the FT @a-reader-ft.bsky.social · 01/09/2025
Singapore, UAE and other small nations to launch trade partnership—The new scheme, which a second diplomat said would be announced formally next month, emerged… www.ft.com/content/d233... @pmdfoster.bsky.social @financialtimes.com
ft.com
Singapore, UAE and other small nations to launch trade partnership
WTO members seek to boost ‘trade openness’ in era of Donald Trump’s protectionism
173
Reposted by Peter Foster
Paul Graf @paulginva.bsky.social · 29/08/2025
Saying the quiet part loud. Independent agencies are democratic. Congress intentionally tasks dedicated people to focus on complicated decisions about labor (NLRB), securities (SEC), trade (FTC), or money (Fed), all whose aims and goals are determined by the elected legislature.
0175
Peter Foster @pmdfoster.bsky.social · 27/08/2025
Good piece by @rafaelbehr.bsky.social -- someone needs to keep saying it. I've grown tired, moved on to Trumpworld, but good if the debate is coming back.
16816
Reposted by Peter Foster
Sarah Murphy @13sarahmurphy.bsky.social · 27/08/2025
Farage’s “probity and judgment were sold as the product called Brexit. It turned out to be a piece of shit.” And, unbelievably, this Labour govt finds itself trapped because it has refused to call this out. What a profound - and now dangerous - political failure. www.theguardian.com/commentisfre...
theguardian.com
There’s an obvious way to challenge Nigel Farage. But Keir Starmer won’t do it | Rafael Behr
Labour’s reluctance to name Brexit as the cause of so many problems hasn’t stopped Reform’s rise. It’s time to try the truth, says Guardian columnist Rafael Behr
801329508
Peter Foster @pmdfoster.bsky.social · 27/08/2025
Depends what you mean by "valuable". Diplomatically, perhaps, economically less so. Govt own estimate is 0.3pc of GDP uplift -- versus consensus forecast of 4pm hit from leaving EU single market. You do the math.
34712
Peter Foster @pmdfoster.bsky.social · 27/08/2025
This should help UK Govt be more courageous in the coming EU 'reset' negotiations...the EU will want ambition on youth mobility, which is a harder sell than the 'veterinary' deal Nick Thomas-Symonds is pushing on today. Of course all of this still relatively cosmetic for total trade purposes.
05412
Reposted by Peter Foster
Charles Owen @charlesowen.bsky.social · 27/08/2025
Seasonal Businesses in Travel (SBiT) and ABTA have revealed new research showing strong public support for securing a youth experience deal with the EU, as it urges the government to press ahead with negotiations with the EU following May’s UK-EU Summit. 1/n
1348
Reposted by Peter Foster
Verfassungsblog @verfassungsblog.de · 22/08/2025
How much longer can we tolerate the lopsided instability of Britain’s relationship with the EU? ANDREW DUFF (@andrewduffeu.bsky.social) argues that the current deadlock calls for an unusual Royal Commission to cut through parliamentary paralysis. verfassungsblog.de/the-case-for...
Quote from our published article by author Andrew Duff: “British politics are suffering a severe case of cognitive dissonance.”
32410
Peter Foster @pmdfoster.bsky.social · 29/07/2025
The @financialtimes.com brilliant FT Edit is now on Bluesky. Follow to get your ‘eight a day’ — essential for a healthy mind in a topsy-turvy world.
02914
Reposted by Peter Foster
FT Edit @ftedit.ft.com · 29/07/2025
Welcome to FT Edit! When the news is overwhelming, we bring you eight stories a day, chosen by editors, offering clarity, fresh perspectives, insight and inspiration — plus some extra treats! Explore more at www.ft.com/ftedit or, if you're reading on iOS, find us on the FT app: on.ft.com/44SHfGA
56322
Reposted by Peter Foster
Laura Phillips @lauraphillips.bsky.social · 24/07/2025
The Briefing Room at 4 on #BBCRadio4 + #BBCSounds @davidsonofaaron.bsky.social and guests discuss whether we’re seeing a closer relationship between the UK and the EU? @pmdfoster.bsky.social @jillongovt.bsky.social @mijrahman.bsky.social
bbc.co.uk
BBC Radio 4 - The Briefing Room, How close is the UK getting to the European Union?
Is Labour's promise of 'an improved and ambitious relationship' with Europe coming true?
0103
Peter Foster @pmdfoster.bsky.social · 22/07/2025
Was reading excellent James Kirkup @jkirkup.bsky.social piece on the coming pension crisis and the need to encourage saving…in which he warned against populist rabbble rousers. And then, forsooth, look what dropped into my inbox from GB News…🙄 www.thetimes.com/article/0552...
0277
Reposted by Peter Foster
Giles Wilkes @gilesyb.bsky.social · 16/07/2025
A good, uncomfortably contrarian take from @pmdfoster.bsky.social here makes us ask who is really ‘chickening out’ - on.ft.com/4nSFNv0
on.ft.com
Trump reaps $50bn tariff haul as world ‘chickens out’
Only China and Canada have retaliated against US president’s tariff war
3187
Reposted by Peter Foster
Ian Smith @iankmsmith.ft.com · 16/07/2025
Who is the 🐔 here? Nice piece led by @pmdfoster.bsky.social www.ft.com/content/82e3...
ft.com
Trump reaps $50bn tariff haul as world ‘chickens out’
Only China and Canada have retaliated against US president’s tariff war
143
Reposted by Peter Foster
Brian Tyler Cohen @briantylercohen.bsky.social · 15/07/2025
There it is. Republicans just BLOCKED the release of the Epstein Files.
114697094112
Peter Foster @pmdfoster.bsky.social · 11/07/2025
"Lunch with Dale Vince was never going to be chateaubriand at Hawksmoor..." what a start to this wonderful 'Lunch with the FT' where @pickardje.bsky.social meets the Ecotricity entrepreneur and eco-warrior. www.ft.com/content/8418...
ft.com
Ecotricity founder Dale Vince: ‘There’s got to be a bigger purpose in life’
The entrepreneur on his Labour party donations, the case for green growth — and taking Elon Musk to court
0264
Peter Foster @pmdfoster.bsky.social · 10/07/2025
🚨Don’t believe the myth: Britain’s services exports have been hit hard by Brexit Important @chrisgiles.ft.com piece writing up LSE paper. on.ft.com/3GyOyK5
19251
Peter Foster @pmdfoster.bsky.social · 02/07/2025
Scoop: first signs of limits of UK-EU “reset”…EU says doesn’t want UK to join pan-Euro trade area; & digging in in Northern Ireland. With @andybounds.bsky.social @financialtimes.com on.ft.com/44IFdsh EU blocks Britain’s attempts to join pan-European trading bloc
on.ft.com
EU blocks Britain’s attempts to join pan-European trading bloc
[FREE TO READ] The PEM convention would reduce exporters’ post-Brexit difficulties with supply chains
1147
Peter Foster @pmdfoster.bsky.social · 02/07/2025
👇this. what happpens when you don't build a reservoir for 30 years and have expanding populations (but higher than average rainfall)...you still get 'droughts'.
15121