I'd also highlight that Sunak's prediction of the chaos that would be caused by Truss's policies writes Labour's election campaign for them. (View Post)

We all thought the 2022 Conservative conference might end up being a make-or-break moment for the Prime Minister. The surprise is that it's Boris's replacement, rather than Boris, that has managed to… (View Post)

The government sidelining the OBR was a fundamental mistake when announcing widespread tax cuts and spending increases. It removed all credibility from the package and so ruined any chance of it succ… (View Post)

To repeat what I said yesterday evening: "Report from the gilt market... The fall in prices has created a lot of forced sellers, as pension funds bought government bonds using leverage. That nee… (View Post)

Report from the gilt market... The fall in prices has created a lot of forced sellers, as pension funds bought government bonds using leverage. That needs to be collateralised daily and the speed and… (View Post)