Britain turning into a submerging market

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Wd40: Director; Posts: 4521; Joined: Tue, 04 Dec 2012 10:53 am; Location: SIndiapore

Britain turning into a submerging market

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Post by Wd40 » Sun, 25 Sep 2022 6:25 pm

https://www.bloomberg.com/news/articles ... k-policies

Liz Truss's govt cut taxes for the rich at a time when inflation is double digits. Pound sank 3% in one day and UK GILTs yields rose by 50bps. UK is turning to a submerging market.

I cant believe they chose Liz Truss over Rishi Sunak. This would go down as the biggest blunder in their history.

malcontent: Manager; Posts: 2374; Joined: Sat, 22 Dec 2007 11:52 am; Answers: 3; Location: Pulau Ujong

Re: Britain turning into a submerging market

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Post by malcontent » Wed, 28 Sep 2022 1:33 pm

Looks like mostly media hype. Trickle down economics is not as bad as socialists make it out to be.

Every great and deep difficulty bears in itself its own solution. It forces us to change our thinking in order to find it - Niels Bohr

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