Yesterdays US inflation numbers were high. There was a 1400 range in the US with huge volatility. The UK is just following the US markets with the UKs own unique problems (energy importing, pension liquidity and mortgages). The pound and markets will continue to fall regardless of the UK government, although there may be a risk pricing into gilts which will have a ripple effect, because the UK can not raise interest rates like the US can. Those weaknesses in the UK need to be addressed (but it won’t until there’s a crash).
A long period of austerity would solve this. Not just rolling back tax cuts, but raising all taxes would bring stability.
That, in essence, is what the markets are “telling us”.
The leftists screaming for u-turns just haven’t realised that is what they are actually asking for
The markets are saying, the uk numbers don’t add up and they have no confidence in the Gov being able to tackle it.
We face the same challenges as all countries, but the markets do not think we have a sensible plan to weather the storm.
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Yesterdays US inflation numbers were high. There was a 1400 range in the US with huge volatility. The UK is just following the US markets with the UKs own unique problems (energy importing, pension liquidity and mortgages). The pound and markets will continue to fall regardless of the UK government, although there may be a risk pricing into gilts which will have a ripple effect, because the UK can not raise interest rates like the US can. Those weaknesses in the UK need to be addressed (but it won’t until there’s a crash).
A long period of austerity would solve this. Not just rolling back tax cuts, but raising all taxes would bring stability.
That, in essence, is what the markets are “telling us”.
The leftists screaming for u-turns just haven’t realised that is what they are actually asking for
The markets are saying, the uk numbers don’t add up and they have no confidence in the Gov being able to tackle it.
We face the same challenges as all countries, but the markets do not think we have a sensible plan to weather the storm.