Professor of Strategic Policy in Practice and co-director of the Ulster University Strategic Policy Unit | Email: s.farry@ulster.ac.uk All views are my own.
Belfast, Northern Ireland
- Tweets 10,532
- Following 2,337
- Followers 18,883
- Likes 12,998
Stephen Farry retweeted
What could PM-in-waiting Burnham bring to the Northern Ireland economy? irishnews.com/news/business/…
1
1
3
678
Stephen Farry retweeted
Professor Jodie Carson of Ulster University’s Strategic Policy Unit, takes us through 33-recommendations for Northern Ireland's economic and societal transformation.
Read more: tinyurl.com/ywkkkjfy
4
5
833
Today, @UlsterUniSPU has published our latest report Unlocking NI’s Potential: A Framework for Economic Transformation, with 33 recommendations. This framework is best understood through the associated graphic. The full report can be accessed at: ulster.ac.uk/__data/assets/p…
1
2
1
1,130
Stephen Farry retweeted
UK’s ongoing political instability raises questions re economic consequences, and impact on NI. In this context, SPU’s latest report ulster.ac.uk/__data/assets/… sets out a plan to transform NI’s future irishnews.com/news/business/…
2
3
4
494
Stephen Farry retweeted
Ann Watt from think tank Pivotal has welcomed a new £102m transformation fund, while Professor Stephen Farry from Ulster University adds that part of the difficulty is getting agreement from all Executive parties.
Watch more tonight at 10:45PM.
1
5
5
4,422
Stephen Farry retweeted
A painting of the end of meritocracy: A meeting of the two largest economies and not one woman at the table.
14,204
10,277
44,789
11,735,306
Stephen Farry retweeted
Last week PBNI AI working group met. Chaired by Head of Communications Gail McGreevy this group considers how we can use AI to responsibly and safely enhance efficiency. The group heard from Professor @StephenFarryUU from @UlsterUni on current AI developments in NI.
1
4
600
Stephen Farry retweeted
It is deeply worrying that political noise may crowd out disturbing reality re unprecedented state of UK public finances. As I outline here, public debt and cost of servicing it is already unaffordable. And full impacts of war and rising gilts will compound. New territory.
‘Servicing UK public debt is £110bn a year. This cost is unsustainable, displaces spending, and threatens the wellbeing of the economy.’
Read Jodie Carson: tinyurl.com/5yn36wy2
3
5
933
Stephen Farry retweeted
‘Servicing UK public debt is £110bn a year. This cost is unsustainable, displaces spending, and threatens the wellbeing of the economy.’
Read Jodie Carson: tinyurl.com/5yn36wy2
2
2
2,475
Stephen Farry retweeted
Absolutely this
All Labour MPs should be looking at this very carefully.
Potential leadership contenders who reckon that more borrowing and/or (even more) growth unfriendly policies on tax, spend and regulation are the way forward should reflect on it even more carefully.
1
4
936
Agreeing a budget is the core task for any government. We are over a month into the financial year, and almost a year since the Block Grant was set in the UK Spending Review. Scotland & Wales set budgets in January. The absence of a local budget brings significant consequences…
Writing for Belfast Live, Professor Stephen Farry explains the implications of Stormont having no agreed budget
belfastlive.co.uk/news/north…
1
4
7
2,412
Stephen Farry retweeted
Writing for Belfast Live, Professor Stephen Farry explains the implications of Stormont having no agreed budget
belfastlive.co.uk/news/north…
3
7
6,041
Stephen Farry retweeted
One year ago @StephenFarryUU and I argued that NI needs a cross-cutting AI strategy so that AI be harnessed to drive productivity and proactively up/re-skill our workforce. We can’t afford to be passive on this. @UlsterUniSPU
@UlsterUni
ulster.ac.uk/__data/assets/p…
Female-dominated clerical work is among the most vulnerable to automation, and labour market losses are already being felt.
Read more here: ft.trib.al/v65DI4O
3
3
940
Stephen Farry retweeted
I don’t wish to be alarmist but as I recently tweeted there is little that matters more than this at the moment. This determines almost everything the Gov can or can’t do, including in response to the Middle Eastern crisis. This is beyond serious.
Some may feel I’m dwelling on this, but I am concerned for the health of the UK economy.
The yield on the 10-year gilt has climbed 12 basis points today (see the CNBC chart below), decoupling from both oil prices and yields in other advanced economies—both of which are currently lower.
Meanwhile, the 30-year yield has just hit a 28-year high.
#economy #markets #gilts #uk
1
3
494
This is a limited backstop option. And stands in stark contrast to the option of having a strategic multi-year budget in place. There are knock-on consequences for workforce and other planning, and grants to community and voluntary sector delivering services.
Stormont accounting officers have received guidance from the Dept of Finance about how they should operate in the absence of a budget. bbc.co.uk/news/articles/c8jv…
1
1
3
3,428
This is very positive from @Education_NI. Assisting teachers with workload pressures is a clear and obvious opportunity from deployment of AI. Many of these steps have been informed by colleagues in @UlsterUni
Department for Education investing £10m in AI to cut teachers' workloads trib.al/iDOgeiU
5
1,403
Stephen Farry retweeted
Wrote this article just over 1yr ago. The failure to have adequately prioritised spending on renewables and climate adaptation leaves us very exposed to the ME current crisis, capacity to support households and withstand the incoming inflationary shock. ukandeu.ac.uk/uks-fiscal-fra…
2
2
476
Stephen Farry retweeted
A windfall tax on abnormal energy profits would make a lot of sense and help finance support for households and business.
BP said it expects its huge oil trading desk to post 'exceptional' results for the first quarter as a consequence of the spike in oil prices triggered by the Iran conflict reut.rs/3QoR8a1
9
17
1,873
Stephen Farry retweeted
In todays IN I argue that while Gov is coming under increasing political pressure to mitigate rising energy costs, it's important to be very considered as to how that looks.
tinyurl.com/yvnyp775
2
4
407
Stephen Farry retweeted
1/2 Important point for NI. Cutting fuel duties to help households is a seemingly valid intervention, but is economically problematic. Making fuel more affordable amidst a supply shock will accelerate and compound shortages. And is not sustainable.
EU officials are urging governments to avoid excessive support to offset surging energy prices, warning that the shock triggered by the Iran war could tip into a fiscal crisis.
Read the full story here: ft.trib.al/r1Q7jKN
1
5
11
2,858