Still a lot of money spent needlessly due to goverment irresponsibility. A £3.5 billion pound mistake is still too big.
Still, isn’t it a shift in policies? To tighten, not; tighten, not; tighten, not; tighten… Anyone would lose confidence looking at this.
The real issue is that this “incident” exposed how fragile the Gilt market actually is. This is supposed to be the bedrock of the entire pension fund industry and it behaved like an emerging market under stress.
This should be the headline.
So we’ve “only” wasted £3.7 Billi n of tax payer money for a failed ideology? Oh well that’s ok then /s
If you spin a lie enough, it becomes lore on Labour Twitter and legacy media. Thats just how their fake news machine works.
Like the embarrassing “Honesty and Integrity” thing they tried to spin for Ken Starmer
Everyone getting all worried about the BoE spending 3.5 billion but then don’t batter a eyelid when it comes to government spending for furlough and the recent energy cap.
That 65b will never get spent… It’ll get funneled away to members accounts
7 comments
Still a lot of money spent needlessly due to goverment irresponsibility. A £3.5 billion pound mistake is still too big.
Still, isn’t it a shift in policies? To tighten, not; tighten, not; tighten, not; tighten… Anyone would lose confidence looking at this.
The real issue is that this “incident” exposed how fragile the Gilt market actually is. This is supposed to be the bedrock of the entire pension fund industry and it behaved like an emerging market under stress.
This should be the headline.
So we’ve “only” wasted £3.7 Billi n of tax payer money for a failed ideology? Oh well that’s ok then /s
If you spin a lie enough, it becomes lore on Labour Twitter and legacy media. Thats just how their fake news machine works.
Like the embarrassing “Honesty and Integrity” thing they tried to spin for Ken Starmer
Everyone getting all worried about the BoE spending 3.5 billion but then don’t batter a eyelid when it comes to government spending for furlough and the recent energy cap.
That 65b will never get spent… It’ll get funneled away to members accounts