[“There’s nothing in the pattern of market response in the UK that suggests anything but fear rather than confidence in the policy approaches being taken. It would not surprise me if the pound eventually gets below a dollar if the current policy path is maintained.”](https://twitter.com/lewis_goodall/status/1573324063266803716)
“This is simply not a moment for the kind of naive, wishful-thinking, supply-side economics that is being pursued in Britain,” he said.
**“Between Brexit, how far the Bank of England got behind the curve and now these fiscal policies, I think Britain will be remembered for having pursuing the worst macroeconomic policies of any major country in a long time.”**
Thank you Tory and Leave voters. Take a bow. This is all on you.
Thank god we never ended up with Corbyns fully costed manifesto with all its scary policies (almost as scary as his lefty hat!) like free bus passes for under 25s and the planting of millions of trees.
Would have truly been a *dystopian nightmare.*
And now imagine the chaos we would have with Ed Miliband …
remember David Cameron
>Britain faces a simple and inescapable choice – stability and strong Government with me, or chaos with Ed Miliband
Former policy maker for the bank of England was telling people to short the pound on Twitter as well as criticising Truss two days ago too.
We’re fucked, aren’t we? And still 2 years of these lunatics running our country into the ground. Sociopathic, insatiably greedy monsters, who couldn’t give a stuff about anyone or anything other than their own wealth and power. Labour will sure have their work cut out for them, clearing the wreckage left behind by these kleptocrats.
Ukip and the Tories have really thrown us back to the 70’s, no hyperbole.
“The U.K. is behaving a bit like an emerging market turning itself into a submerging market”
Kwasi Kwarteng has gone from University Challenge to universally challenged.
The UK electorate: posh people surely know what they’re doing…
The message sent today from investors – foreign and domestic – is clear.
As far as investors are concerned, the UK can’t be trusted. Not to agree to legally binding commitments (Northern Ireland protocol/EU), and not to repay debts due to £60B of borrowing while deploying tax cuts all over the place.
Today we saw investors GTFO of the UK stock market while they can. They don’t trust the government to repay the bonds issued for the massive incoming debt.
The only investors who *are* investing are those who are buying UK companies which are cheap as chips thanks to Sterling’s non-performance against the dollar.
And yeah, this *is* on Project Leave – what sane country would stop trading with their nearest and biggest trading partner? (EU). What kind of xenophobic bullshit is this? How does the average person earning less than £150K per year benefit?
Good thing all of that lost trade has been replaced with that huge trade deal with the US……oh.
Ever wonder why the Tory Party suppressed the report on Russia’s disinformation on Brexit?
Anyone else wondering if king charles will dissolve parliament? Not seen it mentioned, but would be a total big dick move as the new king to recognise his government are fucking up.
Bear in mind this is all coming from the guy who did everything in his power to prevent the regulation of the derivative market in the 90s and 2000s, despite warnings from regulators that no oversight would result in major economic risks. Consequently, this man is one of the single biggest architects of the 2007 financial crisis and is in no position to tell anyone what good economic policy is.
Can’t wait for the thick as pig shit NPCs of this country to vote the ones who caused this back into power come 2024
Even the Americans think we’re being a bit too right wing in our economics and giving too much to the wealthy
**Americans** ffs. We’re out-wealthy-capitalist-bullshitting the USA right now. How is that even possible?
It’s a shame how much of fool we’ve made of ourselves
This all looks intentional to me.
Neo cons / libs are loosing half their trade routes to BRICS so they are consolidating power where they can. You only have to look at the policies that have de-industrialised Germany and now Trussonomics are going to set the UK back 80 years.
I fell like I am watching the US turn back the clock putting everyone back into the position of post world war 2 with no industry and shit load of debt to the US.
I don’t like to trade against my country’s economy but fuck me I’ve made a lot of money shorting the pound this year.
0dte GBPUSD puts were a 20 bagger if you held to expiry today.
who knew that policies aimed at asset striping and enabling neo-feudalism where bad for a 20th century economy.
This country doesn’t have a fucking clue what it’s doing anymore.
I thought the last few decades taught us how dumb and irresponsible such fiscal policy is…
But but but the Tories are the party of Fiscal Responsibility!
/s
Not from the UK but It’s crazy how much potential the UK has and how the tories are fucking it all up.
The UK has world class universities (and we’re talking top 5, not top 100), a diverse population, a range of natural resources and just all-together great geography, plus being an english speaking country.
The UK should have been the most flourishing european nation by far, but somehow it’s fucking it all up.
I know this is going to lead to the reunification of Ireland & Scottish & welsh independence but can we please have English independence from Westminster? This is a fucking shitshow.
27 comments
[“There’s nothing in the pattern of market response in the UK that suggests anything but fear rather than confidence in the policy approaches being taken. It would not surprise me if the pound eventually gets below a dollar if the current policy path is maintained.”](https://twitter.com/lewis_goodall/status/1573324063266803716)
“This is simply not a moment for the kind of naive, wishful-thinking, supply-side economics that is being pursued in Britain,” he said.
**“Between Brexit, how far the Bank of England got behind the curve and now these fiscal policies, I think Britain will be remembered for having pursuing the worst macroeconomic policies of any major country in a long time.”**
Thank you Tory and Leave voters. Take a bow. This is all on you.
Thank god we never ended up with Corbyns fully costed manifesto with all its scary policies (almost as scary as his lefty hat!) like free bus passes for under 25s and the planting of millions of trees.
Would have truly been a *dystopian nightmare.*
And now imagine the chaos we would have with Ed Miliband …
remember David Cameron
>Britain faces a simple and inescapable choice – stability and strong Government with me, or chaos with Ed Miliband
Former policy maker for the bank of England was telling people to short the pound on Twitter as well as criticising Truss two days ago too.
We’re fucked, aren’t we? And still 2 years of these lunatics running our country into the ground. Sociopathic, insatiably greedy monsters, who couldn’t give a stuff about anyone or anything other than their own wealth and power. Labour will sure have their work cut out for them, clearing the wreckage left behind by these kleptocrats.
Ukip and the Tories have really thrown us back to the 70’s, no hyperbole.
“The U.K. is behaving a bit like an emerging market turning itself into a submerging market”
I’ve seen this one, it’s a classic!
Alright I’m ready to become a treasury bloke now.
https://www.reddit.com/r/ukpolitics/comments/x1fx8q/comment/imelcnc/
Kwasi Kwarteng has gone from University Challenge to universally challenged.
The UK electorate: posh people surely know what they’re doing…
The message sent today from investors – foreign and domestic – is clear.
As far as investors are concerned, the UK can’t be trusted. Not to agree to legally binding commitments (Northern Ireland protocol/EU), and not to repay debts due to £60B of borrowing while deploying tax cuts all over the place.
Today we saw investors GTFO of the UK stock market while they can. They don’t trust the government to repay the bonds issued for the massive incoming debt.
The only investors who *are* investing are those who are buying UK companies which are cheap as chips thanks to Sterling’s non-performance against the dollar.
And yeah, this *is* on Project Leave – what sane country would stop trading with their nearest and biggest trading partner? (EU). What kind of xenophobic bullshit is this? How does the average person earning less than £150K per year benefit?
Good thing all of that lost trade has been replaced with that huge trade deal with the US……oh.
Ever wonder why the Tory Party suppressed the report on Russia’s disinformation on Brexit?
Anyone else wondering if king charles will dissolve parliament? Not seen it mentioned, but would be a total big dick move as the new king to recognise his government are fucking up.
Bear in mind this is all coming from the guy who did everything in his power to prevent the regulation of the derivative market in the 90s and 2000s, despite warnings from regulators that no oversight would result in major economic risks. Consequently, this man is one of the single biggest architects of the 2007 financial crisis and is in no position to tell anyone what good economic policy is.
I’ll just leave this here, it might be worth trying for an early election if enough people sign. https://petition.parliament.uk/petitions/619781
Can’t wait for the thick as pig shit NPCs of this country to vote the ones who caused this back into power come 2024
Even the Americans think we’re being a bit too right wing in our economics and giving too much to the wealthy
**Americans** ffs. We’re out-wealthy-capitalist-bullshitting the USA right now. How is that even possible?
It’s a shame how much of fool we’ve made of ourselves
This all looks intentional to me.
Neo cons / libs are loosing half their trade routes to BRICS so they are consolidating power where they can. You only have to look at the policies that have de-industrialised Germany and now Trussonomics are going to set the UK back 80 years.
I fell like I am watching the US turn back the clock putting everyone back into the position of post world war 2 with no industry and shit load of debt to the US.
I don’t like to trade against my country’s economy but fuck me I’ve made a lot of money shorting the pound this year.
0dte GBPUSD puts were a 20 bagger if you held to expiry today.
who knew that policies aimed at asset striping and enabling neo-feudalism where bad for a 20th century economy.
This country doesn’t have a fucking clue what it’s doing anymore.
I thought the last few decades taught us how dumb and irresponsible such fiscal policy is…
But but but the Tories are the party of Fiscal Responsibility!
/s
Not from the UK but It’s crazy how much potential the UK has and how the tories are fucking it all up.
The UK has world class universities (and we’re talking top 5, not top 100), a diverse population, a range of natural resources and just all-together great geography, plus being an english speaking country.
The UK should have been the most flourishing european nation by far, but somehow it’s fucking it all up.
I know this is going to lead to the reunification of Ireland & Scottish & welsh independence but can we please have English independence from Westminster? This is a fucking shitshow.