Once we start defining the ultra wealthy in a way that avoids 'ordinary' people, you end up with a small number of people who can easily find ways to avoid significant increases in tax on t… (View Post)

Reeves somewhat strengthened by the ~20bp yield rise we saw on longer-dated bonds yesterday following speculation of her sacking. And we've seen a partial rally this morning following Starmer�… (View Post)

Of G7 countries, our debt/GDP ranks the second best. Only Germany has lower. And that's by a long way. Our fiscal position is terrible, but we're not the ugliest person at the party here. (View Post)

Realistically a draw isn't going to happen. We either win or we collapse. (View Post)

From a purely domestic politics perspective, the fact that oil is back below $70 per barrel is probably more important than people's view on Starmer's actions in relation to a war that the … (View Post)