The largest two holders of gilts at the start of the year were the Bank of England and the UK pensions sector. The Bank of England’s MPC signalled it was to follow the Fed’s lead and unwind QE and th… (View Post)

I imagine Sunak could do much to unite his MPs by flying to Ukraine to announce a new military aid package. Not just tweaking sanctions, things that go bang in order to kill Russians and keep Ukraini… (View Post)

Indeed. Increasing personal taxation into a recession… hmmm. But I must take my own advice and give him a chance. He may yet surprise me and take a knife to spending. I and many others are also very … (View Post)

It’s odd how many parliamentarians don’t understand how parliamentary democracy works. Maybe it’s like how lots of doctors are overweight, smoking alcoholics. (View Post)

For all our sakes, let’s hope Sunak proves to be a better PM than he was Chancellor, or we’re in for a pretty torrid time. (View Post)