Today's gilt auction by the DMO was 2.1x covered, completely in line with the norm. The more hyperbolic figures on here need to calm down a bit. (View Post)

Taxes have been far too high and interest rates far too low, for the entirety of this period of Conservative govt and even before. The new head of the Treasury did his job last week. The head of the … (View Post)

The pound has bounced strongly from its low point during hours of low liquidity in Asia trading hours on Monday morning. That's with the chancellor saying there are more tax cuts to come, and th… (View Post)

Kwarteng: I am having twice weekly meetings with the Governor to ensure alignment of policy. So Bailey knew the size of this tax giveaway and yet still voted the day before to let uk base rates lag t… (View Post)

Iran as a thriving, young, modern Islamic democracy would be quite the prize for the world. Fingers crossed. (View Post)