I couldn't sleep so I had a look and something big is happening, the pound went from $1.07 to 1.04 in a matter of minutes.
Is doubling the cost of borrowing in the space of a few weeks all part of the plan too?
Are you shorting the pound?So what? No central bank and government is acting responsibly, no one has been acting responsibly in 20 years. UK Gov spending as percentage of GDP is far lower than our peers.
The quicker people wake up to the fact that politicians around the globe have taken control of money, the better. All the shirts in the washing machine are dirty
No they won't, when a party eventually picks up the pieces they'll get the blame for how much they're costing the country. People have a hard time linking events from decades ago to the current day so they just blame whoever's in front of them at the time.When a serious elect party eventually picks up the pieces, those that have done this will be hunted across the globe.
As a devaluation (if that’s what he wanted) it’s a mighty success. At least all UK domestic services are now 10% cheaper for everyone else to use. Manufactured stuff, not but services yes. Obviously at the expense of those providing those services. I guess we are getting close to being on the “near shoring” list for foreign corporates.
You'll notice most of them have gone very very quiet.Wait til the gilt markets open, the meltdown is just starting.
Come on Tory supporters, tell me how this is good for the country. It's either deliberate vandalism, or I'm a better economist than our chancellor.
Shame we're heading into a global recession then so demand for our exports (goods and services) is going to be weak anyway.
So all its really going to do is import more inflation.
Bring back Boris
Like him or not, he was much better than this lot.No way….what I think you mean is bring back Sunak.