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John West

@jwestjourno

M&A, macro and politics. Global Commentary Editor, Mergermarket. Any views expressed are regrettably my own. One half of @illexplainlater.bsky.social - a Doctor Who podcast.

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Latest posts by John West @jwestjourno

labour market flexibility for thee, generous employment rights and severance packages for me

11.03.2026 14:46 πŸ‘ 147 πŸ” 61 πŸ’¬ 3 πŸ“Œ 0

And I’m aware that 28 is 40% more than 20 but the mind does its thing.

12.03.2026 11:44 πŸ‘ 0 πŸ” 0 πŸ’¬ 0 πŸ“Œ 0

I think Β£20 has just become the norm and it’s a proper psychological rubicon, because I was at St John a few weeks back eating a Β£28 main and now every time I’m in a pub, I just think β€œan extra eight quid and I could be at St fucking John”.

12.03.2026 11:43 πŸ‘ 3 πŸ” 0 πŸ’¬ 1 πŸ“Œ 0
Chart of tanker transits through Hormuz, 2020-current

Chart of tanker transits through Hormuz, 2020-current

FWIW: two tankers have transited Hormuz (in either direction, this counts both; this is also crude, products, LNG) over the past week. Two.

11.03.2026 16:54 πŸ‘ 191 πŸ” 29 πŸ’¬ 10 πŸ“Œ 9

youtu.be/JNO2Fij-E1k?...

10.03.2026 23:17 πŸ‘ 0 πŸ” 0 πŸ’¬ 0 πŸ“Œ 0
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Can anyone explain to me what the Blue Labour justification for this is? Who out there will vote Labour because Mahmood prevented a Sudanese Chevening Scholar? And to be honest, why won’t the PM simply overrule her?

10.03.2026 19:48 πŸ‘ 940 πŸ” 307 πŸ’¬ 36 πŸ“Œ 41

Apropos of nothing, @doctorow.pluralistic.net is on the site!

10.03.2026 20:22 πŸ‘ 2 πŸ” 0 πŸ’¬ 0 πŸ“Œ 0
Preview
Iran begins laying mines in Strait of Hormuz, sources say The White House said President Donald Trump is not ruling out any options in the war with Iran, including the possibility of ground troops. About 140 US service members have been injured since the beg...

CNN: Iran begins laying mines in Strait of Hormuz, sources say

www.cnn.com/world/live-n...

10.03.2026 19:40 πŸ‘ 8 πŸ” 3 πŸ’¬ 0 πŸ“Œ 5
Preview
UK should not back a war that boosts Vladimir Putin Rising energy prices inadvertently strengthen Russia and weaken incumbent European governments

Today's newsletter on the British political implications and policy consequences of Donald Trump's war with Iran.

This will surprise you but they are not good!

09.03.2026 10:17 πŸ‘ 79 πŸ” 18 πŸ’¬ 8 πŸ“Œ 2

My deeply unpopular opinion is that Harris/Dems overperformed all the other β€œincumbents” & her campaign was just fine & mattered ~not one bit. It was β€œinflation” & racism/misogyny & misinformation that had absolutely nothing to do with her policies on Gaza or anything else.

bsky.app/profile/mcop...

07.03.2026 22:07 πŸ‘ 191 πŸ” 30 πŸ’¬ 20 πŸ“Œ 1

Get ready to be annoyed when petrol prizes go up and a) a bunch of politicos declare the government's poll ratings have gone down because Starmer didn't go in with the US on Iran and b) a bunch of politicos who support the war blame the government for increased energy costs.

07.03.2026 22:08 πŸ‘ 590 πŸ” 109 πŸ’¬ 22 πŸ“Œ 3
Preview
How will OpenAI compete? β€” Benedict Evans OpenAI has some big questions. It doesn’t have unique tech. It has a big user base, but with limited engagement and stickiness and no network effect. The incumbents have matched the tech and are lever...

'it’s interesting to compare how hard it was to differentiate a web browser with how hard it is today to differentiate a chatbot'
Fab piece from @thebenedictevans.bsky.social asking hard Qs of OpenAI when its tech is similar to other labs and has no network effects www.ben-evans.com/benedictevan...

05.03.2026 08:55 πŸ‘ 29 πŸ” 11 πŸ’¬ 2 πŸ“Œ 3

GB News has never made a profit because it doesn’t exist to make a profit. It exists to exert pressure to push broadcast news channels further rightwards. It is about further poisoning the information environment. That’s why it exists.

05.03.2026 18:39 πŸ‘ 453 πŸ” 120 πŸ’¬ 16 πŸ“Œ 6

This is pretty disgraceful.

06.03.2026 10:54 πŸ‘ 225 πŸ” 59 πŸ’¬ 4 πŸ“Œ 3

The evidence base for comprehensive education is stronger than possibly any other area of public policy in the UK, yet right-wingers consistently refuse to believe it because of vibes

06.03.2026 11:07 πŸ‘ 34 πŸ” 3 πŸ’¬ 2 πŸ“Œ 0

Honestly the contempt I feel for Dubai 'ex-pats' isn't based on class so much as their willingness to embrace a life of luxury and excess in a society propped up by slavery, exploitation and human rights abuse as though they were living in a JG Ballard novel they refuse to understand

06.03.2026 10:25 πŸ‘ 145 πŸ” 42 πŸ’¬ 9 πŸ“Œ 1

I agree that’s what the sanguine market watchers think, I just don’t buy it. Venezuela was clearly a managed move (Delcy was in the back pocket). This is more Pandora’s box. bsky.app/profile/jwes...

06.03.2026 10:27 πŸ‘ 3 πŸ” 0 πŸ’¬ 0 πŸ“Œ 0

Right. The problem is what does TACO even mean in this context? bsky.app/profile/jwes...

06.03.2026 10:20 πŸ‘ 19 πŸ” 3 πŸ’¬ 2 πŸ“Œ 0
Preview
New grammar schools set to return if Farage becomes PM The creation of new selective schools was outlawed by New Labour in 1998

One reason why British politics seems to be stuck is that we keep reopening debates that were settled years ago. This is just the latest example inews.co.uk/news/politic...

06.03.2026 09:36 πŸ‘ 10 πŸ” 5 πŸ’¬ 2 πŸ“Œ 0
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Those first few responses got a chuckle out of me.

05.03.2026 17:23 πŸ‘ 212 πŸ” 48 πŸ’¬ 14 πŸ“Œ 24

πŸ’― bsky.app/profile/jwes...

05.03.2026 21:19 πŸ‘ 10 πŸ” 1 πŸ’¬ 0 πŸ“Œ 0
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Opposition leader Kemi Badenoch writes to the Prime Minister to say that tripling and quadrupling settlement times to 15 and 20 years "are a good start but should go further"

Settlement taking that long are very niche positions among the public - British Social Attitudes - but popular among elites

05.03.2026 20:50 πŸ‘ 86 πŸ” 29 πŸ’¬ 9 πŸ“Œ 7

Take two 7 year olds in a primary school in PM's constituency.

His Dad is a banker
Her Mum is cleaner at that bank

Does he say Pascal Banque's son gets perm status at age 10 while in primary school & working class classmate Marie Cleaner not until 22 (consequence: international student fees)

05.03.2026 12:18 πŸ‘ 65 πŸ” 20 πŸ’¬ 4 πŸ“Œ 2

Dressing up for world book day is bullshit, even leaving the parental finance stuff aside. It's one of very few 'event' days in school calenders set aside for a solo, quiet, activity – and then it's turned into dress-up. Spectacularly misses the point. Schools should drop it from a great height.

05.03.2026 08:27 πŸ‘ 612 πŸ” 55 πŸ’¬ 86 πŸ“Œ 33

Your regular reminder than a large majority of voters - and overwhelming majority of Labour voters - favour giving settled migrants access to the welfare state after five years or less. The Home Secretary is not reforming rules in line with public opinion. She is doing the opposite.

05.03.2026 08:22 πŸ‘ 617 πŸ” 247 πŸ’¬ 23 πŸ“Œ 10

After losing in court one can now safely mention that the MΓΌller brand of milk products is owned by an AfD (Germany's officially declared "extreme right wing" party) supporting billionaire. Whose giant family relocated to Switzerland in 2003 btw, to avoid 30% inheritance tax when he passes.

04.03.2026 09:46 πŸ‘ 196 πŸ” 123 πŸ’¬ 5 πŸ“Œ 18

Trump's off-ramp re. Iran is very unclear - which differentiates this episode from other shocks he's been responsible for. I covered this in my Mergermarket column this week (see below) and heartily recommend reading @explaintrade.com's thread and following him.

04.03.2026 10:56 πŸ‘ 16 πŸ” 2 πŸ’¬ 0 πŸ“Œ 3

Doing this for the approval of a few broadsheet columnists and a bunch of imaginary voters who'll never vote for you anyway is terrible politics. There are no winners here.

04.03.2026 10:46 πŸ‘ 66 πŸ” 24 πŸ’¬ 3 πŸ“Œ 0

Trump's off-ramp re. Iran is very unclear - which differentiates this episode from other shocks he's been responsible for. I covered this in my Mergermarket column this week (see below) and heartily recommend reading @explaintrade.com's thread and following him.

04.03.2026 10:56 πŸ‘ 16 πŸ” 2 πŸ’¬ 0 πŸ“Œ 3
A tweet from the Daily Mail with a headline saying "Four biblical signs the world has entered the end of days as US bombs Iran

A tweet from the Daily Mail with a headline saying "Four biblical signs the world has entered the end of days as US bombs Iran

This perfectly illustrates my point that the British tabloids are aiming at a US audience. There like 5 people in the UK who think about this. But it is huge among US evangelicals.

British politicians need to ignore UK tabloids, as UK tabloids are talking to an audience in the US for clicks.

04.03.2026 08:38 πŸ‘ 854 πŸ” 327 πŸ’¬ 37 πŸ“Œ 41