It would be pretty extraordinary for Liz Truss to sack the Chancellor for implementing two of the main promises she made in her leadership campaign, especially since she probably believes that the po… (View Post)

Yes, this is spot-on. (View Post)

This is hilarious: https://twitter.com/ReicherStephen/status/1574352421643493385 The Bloomberg article says that, just before the non-budget, hedge funds made big bets on sterling rising, and a bunch… (View Post)

There's some merit in that view, but it's an argument for genuine supply-side changes, properly thought-through tax reform, better education, not having a trade war with the EU, and a bunch of other … (View Post)

The BoE can't fix this mess, because it's primarily a Treasury mess. Sure, the BoE can increase interest rates and that might stabilise sterling for a bit, but the markets still won't be reassured th… (View Post)