British Pound falls again as agency downgrades outlook for UK’s credit rating to ‘negative’ | Business News

23 comments
  1. The money that was supposed to support elderly, vulnerable and sick during the pandemic was spaffed all over Tory donors with contracts that delivered nothing for people.

    This revolving Tory ghost train is about derail Britain.

    The Daily Mail/Sun/Telegraph/Sky News and many more will tell you it’s your fault fuck those guys.

  2. Imagine doing the mini-budget because you want to stop a recession happening. Instead you destroy the pound.

  3. Crazy to think how quickly they’ve ****ed the country, completely and for generations yet unborn

    This incident and this government will be forgotten by history, but the significant material decline of the UK relative to the nations of the developed world will be traceable to this moment

  4. A looming recession, the pound tanking against the dollar, widespread strike action coming, forecasts of winter power outages and a completely rudderless in-fighting government.

    Thank god Corbyn didn’t get in.

  5. With each new bad news story Kwateng looks a little less smug in the photo that goes with it. This is literally the only upside of him being chancellor.

    We are all paying the price of him learning that he’s less clever than he thought he was.

  6. First disclaimer: This Government are fucking up massively and I can’t wait to vote them out.

    But that being said…elements of these big organisations’ reactions do seem political/hysterical in so much as it’s humans panicking and reacting to other humans panicking.

    Materially, we’re not really in the economic shitter any more than other EU countries and the mini budget didn’t really do THAT much different to the macro economics of our country. It didn’t change our outlook really (whatever that outlook is).

    I doubt an algorithm calculated and said “yep this is too much now – that £2bn tax cut for the rich pushed you over the edge, never mind the £2,365.4 billion of debt.”, So its much more human emotion driving it which sucks.

    EDIT: By political, I mean “organisations want to appear like they have SOMETHING to say on the situation to flex alongside IMF etc.”

  7. Being in the Tory “anti-growth alliance” is beginning to sound a bit like being designated a “sinner”, ready to be condemned to Catholic Hell. That’s where the priests say all the decent people are destined to go whilst their favoured paedophiles are ushered off into “heaven”.

  8. Who would have thought being trillions if pounds in debt with declining revenues and rapidly rising interest rates was a bad idea eh?

    The so called austerity period was nowhere near austere enough as we can see. Now an axe has to be taken to Whitehall as the populace simply cannot withstand more taxes. We could start by cutting the number of ministerial roles to about 1/3 of what it is as we don’t need a minister for every minor facet of government.

  9. How are these twats still in power?!

    It’s like having 2 goldfish piloting a fucking plane – good try but we all knew it was going to fuck up because they’re goldfish now quit fucking around and get their fins off the fucking controls!!

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