Kwasi should just style this market tantrum out. Credit traders have been itching to short gilts and this was their signal. That said it was incredible the Boe didn’t match the Fed rate increase this… (View Post)

Quite the opposite. The Truss/Kwarteng ethos is that taxes have been too high and interest rates too low for a decade or two. We've ended up with sclerotic growth and massive asset inflation, wh… (View Post)

I have been listening to people who know more than me. A useful analogy for ground warfare is scissors, paper, stone. Tanks beat artillery, artillery beats infantry, infantry beats tanks. It must all… (View Post)

We already saw from one poster their energy bill will be lower than last year. And commodity prices are way down from the peak almost across the board. By the way anyone who thinks there’s no impact … (View Post)

My phone has been buzzing all afternoon Re NIC cut from pleased one-time Tories on course to sit out the next election. Sometimes pb is amazingly perceptive at predicting what will happen. And someti… (View Post)