Kwasi economics....

[albion]

"Odey, who was a leading backer of Brexit, came to prominence during the 2008 financial crisis when he made a fortune shorting banking shares. He is known for a volatile performance, with his fund regularly posting double-digit annual gains or losses."
Glory days for him, gory ones for us.

 

[deptfordmarmoset]

Not to defend the guy, who is a d!ck, but wasn't he cleared of the charge a year ago?

Noted and I've deleted the post. The indecent assault on the economy charge still stands.

 

[stowie]

Pound is falling, Gilts are surging, thus ironically making that borrowing to fund the tax cuts more expensive.

 

[Fab Foodie]

So Labour are going to have to fight the next election on a manifesto commitment to introduce a higher top rate of tax, which is very open to misinterpretation and misrepresentation.

It's a real scorched earth set of policies...they know they're fcucked

 

[Deleted member 49]

It's a real scorched earth set of policies...they know they're fcucked

Almost like they know there fecked but why not look after their own on their way out...Labour should win the next election by default but feck what a sh1tshow !

View: https://twitter.com/WritesBright/status/1573234975855501314?t=ASF-LQpx9IacDG0RpjxVRQ&s=19

 

[BoldonLad]

https://www.bbc.co.uk/news/uk-politics-63000092

Unbelievable. Someone at the BBC has actually managed to outdo Laura Kuenssberg!

All about confidence?

Well, so far, Money Markets and UK Stock Exchange don't seem to have got the message

 

[deptfordmarmoset]

Pound is falling, Gilts are surging, thus ironically making that borrowing to fund the tax cuts more expensive.

And the falling pound screws any manufacturer that needs imported materials.

 

[Mugshot]

Almost like they know there fecked but why not look after their own on their way out...Labour should win the next election by default but feck what a sh1tshow !

View: https://twitter.com/WritesBright/status/1573234975855501314?t=ASF-LQpx9IacDG0RpjxVRQ&s=19

There is no pretence any more, it's an out in the open smash and grab.

"You're not going to like this package if you care more about the poor."


View: https://twitter.com/BestForBritain/status/1573295463012368384?s=20&t=3sXkzDjQWZbTJHuGc7HzeA

 

[Fab Foodie]

The poor will go hungry and the better-off will buy more BMWs and Gucci loafers....

 

[Salty seadog]

@Fab Foodie. I like what you did with the thread title. Chapeau sir, hat.

 

[deptfordmarmoset]

@Fab Foodie. I like what you did with the thread title. Chapeau sir, hat.

There's also a Kami-Kwasi Economics version going around.

 

[mjr]

That's the pound tanking and the markets spooked. The people who betted on this will have made a fortune.

Somewhat amazingly, the Tories had tried to spin it as "the biggest tax cuts since 1972", as if somehow people would have forgotten that "that [1972] budget resulted in spiraling inflation and debt that took a decade and an bailout from the International Monetary Fund to clear up." Comparing your financial policy to the early 1970s is not a way to reassure markets and investors!

The 1972-1974 slump was worse for the UK than even the Great Depression, wiping 70% off the FTSE in about 30 months. I really hope we're not heading that way again, because I doubt that we will rejoin the EU to help stabilise the economy again!

 

[Hitchington]

Rich looking after the rich. Leveling down the rest of us. Tory bastards fool no one.

 

[Deleted member 49]

Levelling down...

View: https://twitter.com/HKesvani/status/1573346838199275522?t=d13RGBXJUCtUsVElqES31g&s=19

 

[Fab Foodie]

@Fab Foodie. I like what you did with the thread title. Chapeau sir, hat.

Thank you Sir! I thought it had gone unnoticed....