The FED raises rates by 0.75%. Presumably that increases the chances of a 0.5% hike by the BoE tomorrow. (View Post)

What we will almost certainly be able to say after today is that the majority of the Commons does not have confidence in the Prime Minister. That will make governing extremely challenging, regardless… (View Post)

The Tories having a confidence vote, only for Boris to win in a reasonably close vote, has to be the best possible outcome for the Opposition. (View Post)

Nah quantitative tightening is the order of the day, it's already started with £30bn of government bonds maturing not being reinvested. The US is about to follow suit. Central banks can't l… (View Post)

Reflecting on the economy, I think the Tories are screwed at the next election. It is becoming increasingly apparent that we are heading for an inflation-induced recession. Inflation will remain very… (View Post)