CEO, Competere. Former advisor to UK SoS Trade, Chairman of Special Trade Commission, former cleared advisor to USTR; Chairman, Growth Commission.
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The OECD average is 54% of average wage. The UK is at 67% and climbing. Not only is this not sustainable, it is now compressing entry level salaries causing real unemployment effects. We have to be able to have a serious conversation about its level.
The minimum wage is a great example of a policy that MPs love to use for virtue points that is actually incredibly harmful in practice, unless used as a true floor like in the USA.
The state should not be setting national wage floors that are 66% of the mean salary.
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Enjoyed my fireside chat with @griffitha . What came across was an organizing philosophy delivering competition on the merits and dynamism. @Jeremy_Hunt
Superb speech from @griffitha explaining why the next election will be about fundamental choices as was 1979. And having worked closely with him in the Treasury, I know he has the focus and determination to deliver exactly the renewal he promises
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The UK-EU summit expected around November 20 presents a clear and present danger to UK economic growth. Find out why.
capx.co/dont-swap-britains-g…
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Please come and see us!
💥REMINDER💥
Our fringe meeting at @Conservatives Conference TODAY will feature our Chairman @ShankerASingham
in conversation with Shadow Chancellor @griffitha:
📈Hopw to get Britain Growing?
⏰12.30pm, Tuesday 6th October
📍Hall 8a, Birmingham ICC
⚠️Conference pass required
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Shanker Singham retweeted
The @GrowthCom "Growth Budget 2026" is an important contribution to the debate on govt finances & the economy. It was launched by @ShankerASingham and fellow Commissioners Douglas McWilliams and Ewen Stewart, who also answered audience questions.
youtube.com/watch?v=j-bgEhbq…
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Shanker Singham retweeted
📺 WATCH: For those who couldn't attend the launch yesterday, Commissioners @ShankerASingham @DMcWilliams_UK and Ewen Stewart present our Growth Budget 2026 and take questions from the audience
youtu.be/j-bgEhbquaQ?si=95fA…
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And there is no such thing as Rejoin. There is only the EU Accession process which is a highly legalistic and tortuous one.
The Rejoin EU debate right now, in a nutshell.
EU membership requires an obligation to adopt the Euro. The British people will not accept ditching the Pound for the Euro. So the British people will not accept rejoining the EU.
Thats it. Thats the whole debate. Done. Move on.
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The UK could return to being the fourth largest economy in the world, making everyone thousands of pounds richer
✍️@DMcWilliams_UK
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🧵How do we get out of the mess of tax rises failing to raise the amount of money predicted, government spending running out of control and Chancellors coming back every year to raise taxes further?
✍️@DMcWilliams_UK
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Additionally we would also have to pay compensation to trading partners on acceding to the customs union as our tariff schedule is lower than the EU’s for a considerable number of products.
NEW: Labour officials under Keir Starmer say the EU will impose billions of pounds of extra costs on Britain if Andy Burnham tries to rejoin
When officials in Starmer’s government informally asked EU counterparts what the cost of rejoining in future might be, they said Britain would likely lose Margaret Thatcher’s budget rebate, sources say
It would mean extra costs of some £5 billion a year
It is one reason why both UK and EU officials are privately sceptical of Andy Burnham’s suggestion he could reverse Brexit
The UK believes the EU would not insist on it joining the Schengen Area or adopting the euro. But accepting freedom of movement would obviously be non-negotiable
Another former Labour aide points out that either rejoining the EU or entering a customs union would effectively void the free trade agreements Britain had signed since Brexit
Brussels meanwhile wants to see the detail of any UK proposals and is concerned about British flop-flopping given its revolving-door of prime ministers
bloomberg.com/news/articles/…
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Shanker Singham retweeted
Growth Commissioner Ewen Stewart highlights the calls in our Growth Budget 2026 to rein in government spending👇
growth-commission.com/2026/1…
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Shanker Singham retweeted
If the measures in our Growth Budget were implemented, we estimate that there would be huge gains in spending power for households – a 37.6% gain in GDP per capita building up to £16,630 per head by 2046-47. Read the details for yourself👇
growth-commission.com/2026/1…
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Shanker Singham retweeted
Growth Commissioner @DMcWilliams_UK has set out the key elements of our Growth Budget 2026 in a must-read article for @CapX👇
capx.co/healey-needs-a-growt…
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Shanker Singham retweeted
Growth Commissioner @DMcWilliams_UK has a message for the new Chancellor @JohnHealey_MP ahead of his first Budget in our Growth Budget 2026👇
growth-commission.com/2026/1…
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PM Burnham has said he doubts whether being a rule taker is good for Britain. Two Shadow Secretaries of State agree. Alex Burghart, Shadow Chancellor of the Duchy of Lancaster, and Victoria Atkins on why the dynamic alignment deal is the wrong choice for Britain. Watch video below.
youtu.be/7C4-zWek36I?si=9E5t…
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Shanker Singham retweeted
“The fasten seat belts sign is on”.
This is a message I received early this morning from one of the UK’s most experienced, savvy and respected financial traders. Someone I have come to know and trust for the last 25 years.
10-year bond yields are now almost 4.5pc - up some 50 basis points over the last month.
30-year yields this morning went above 6pc - a 28-year high.
Yet the UK’s political and media class continues to focus on party posturing and folksy rhetoric, ignoring the slow-motion disaster that has been happening on the UK’s sovereign bond markets for at least the last 18 months - a disaster that will inevitably, unless we drastically change course, turn into a fully blown market meltdown.
At that point, the UK government won’t be able to borrow enough money to finance our already spiralling debt interest bill.
Britain’s financial management will be taken over by overseas technocrats - that will be the condition of additional borrowing, to maintain the basic functions of the state, as happened in Greece and Italy back in the early 2010s and here in Britain 50 years ago this year (when we were forced in 1976 to apply to the IMF for a bailout).
The austerity then imposed on Britain would make 2010-2019 feel like a picnic - far, far worse than it would be if we took serious action now to control our public finances.
Lower-income households would suffer most - and there would be serious damage done to the UK’s already rapidly-fraying social fabric ….
I have been warning about these looking fiscal dangers publicly, in my newspaper columns and elsewhere, since at least early 2024.
Doing so hasn’t been easy or fun. I have been dismissed and derided by numerous economists, “economists”, officials and policymakers - as well as lots of journalists.
I absolutely don’t want a disastrous 1976-style outcome - which is why I’ve taken the blows and issued the warnings.
The state is too big. Public spending is out of control. Our fiscal rules are a convenient nonsense - designed to kick the can of financial reality into the future. We need to get real … and take bold action to tame the growth of spending, push back a now totally over-bearing state and snap the British economy out of today’s high-tax-high-borrowing-low-growth doom loop - the result of myopic, counter-productive policy-making by successive governments for the last decade and more …
Other prominent economists who agree with me - ie who are financially-literate, can read a yield curve, have a passing interest in economic history and who understand the dangers of some 80pc of UK government borrowing going on debt interest as it currently is - need to chuck “career risk” in the bin, and start saying publicly what so many of them have, for quite a while now, only had the bottle to say to me in private …
Remember: “The fasten seat belts sign is on”
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Very pleased to launch our Budget this morning.
Our Chairman @ShankerASingham notes the economic gains the country has foregone as a result of successive governments failing to adopt our recommendations at previous Budgets. Read more in our Growth Budget 2026👇
growth-commission.com/2026/1…
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