Jesus lads, 'tis looking like BREXIT!

That was on top of the £65 billion.

Truss will get savaged and will her own party even show up for her as she is toast, and they are so divided.
It was stark how openly cabinet ministers were counter-briefing against her positions to the press last week.
Even the political editor guy on the Daily Politics said normally you hear stuff like this in dark corners of bars but this was open and enthusiastic on the conference room floor. Braverman dreaming of sending people on planes to Rwanda is staggeringly ultra right. Anderson threatening the BBC for not asking nice questions. It was carnage.

Said it before, this is V for Vendetta in real life now, they're not even using it as an instructional manual anymore. The anti-growth coalition will replace Europe. Anyone in the anti-growth coalition will be shunned and attacked as unpatriotic. Saw a photo of Truss at an EU leaders EPC meeting and the look of evil on her face from a public rep at a public event let alone a prime minister - dear God.
 
Public spending watchdog to investigate ‘festival of Brexit’ NAO to examine £120m

Unboxed project after MPs call it an ‘irresponsible use of public money’


Lawl. This actually went ahead.
 

Bank of England steps in again to bolster bond-buying plan after mini-Budget chaos​

11 October 2022, 07:49 | Updated: 11 October 2022, 08:14

By Asher McShane
@ashermcs
The Bank of England has said it will further bolster its emergency bond-buying plan as it warned an ongoing rout in the gilts market poses a "material risk to UK financial stability".

Deputy Prime Minister Therese Coffey has insisted people’s pensions and the UK’s public finances are in a "good state" this morning.

She said today: "I'm absolutely confident pensions are safe, the Bank of England is independent and undertaking its role in trying to bring some stability, which it had done.”

Ms Coffey denied that Chancellor Kwasi Kwarteng brought his medium-term fiscal plan forward to October 31 because of market jitters.

The Institute for Fiscal Studies warned of £60 billion spending cuts to get finances under control.

After the government tanked financial markets with its mini-budget, the Bank was previously forced to step in to stem the turmoil.

It previously announced it would purchase up to £65bn of long-dated government bonds to prop up the market.

The Bank is now having to buy index-linked gilts.

Korrupt Kwasi cannot get public finances on a sustainable path without big spending cuts (Austerity) or a reversal of the £45bn tax cuts just announced last month.

1665474875754.png


The markets are spooked on Britain.
 
Last edited:

Bank of England steps in again to bolster bond-buying plan after mini-Budget chaos​

11 October 2022, 07:49 | Updated: 11 October 2022, 08:14

By Asher McShane
@ashermcs
The Bank of England has said it will further bolster its emergency bond-buying plan as it warned an ongoing rout in the gilts market poses a "material risk to UK financial stability".

Deputy Prime Minister Therese Coffey has insisted people’s pensions and the UK’s public finances are in a "good state" this morning.

She said today: "I'm absolutely confident pensions are safe, the Bank of England is independent and undertaking its role in trying to bring some stability, which it had done.”

Ms Coffey denied that Chancellor Kwasi Kwarteng brought his medium-term fiscal plan forward to October 31 because of market jitters.

The Institute for Fiscal Studies warned of £60 billion spending cuts to get finances under control.

After the government tanked financial markets with its mini-budget, the Bank was previously forced to step in to stem the turmoil.

It previously announced it would purchase up to £65bn of long-dated government bonds to prop up the market.

The Bank is now having to buy index-linked gilts.

Korrupt Kwasi cannot get public finances on a sustainable path without big spending cuts (Austerity) or a reversal of the £45bn tax cuts just announced last month.

View attachment 15804


The markets are spooked on Britain.
There's starting to be a risk of Britain being unable to finance its debts in sterling
 
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