ChatterBank0 min ago
What A Great Idea.......
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Yep, it was only £30Billion. Let’s have the right to sue them.
// Liz Truss’s disastrous mini-budget cost the country a staggering £30bn – doubling the sum that the Treasury says will have to be raised by Jeremy Hunt this week in a huge programme of tax rises and spending cuts.
The independent Resolution Foundation calculates that the Truss government was responsible for about £30bn of the fiscal hole which the Treasury puts at £60bn, and which Hunt will have to tackle in the autumn statement on Thursday. //
Yep, it was only £30Billion. Let’s have the right to sue them.
// Liz Truss’s disastrous mini-budget cost the country a staggering £30bn – doubling the sum that the Treasury says will have to be raised by Jeremy Hunt this week in a huge programme of tax rises and spending cuts.
The independent Resolution Foundation calculates that the Truss government was responsible for about £30bn of the fiscal hole which the Treasury puts at £60bn, and which Hunt will have to tackle in the autumn statement on Thursday. //
The looney budget may not have been implemented, but it forced the B of E to borrow £Billions to calm the markets.
https://markets.businessinsider.com/news/bonds/bank-of-england-bond-buying-pound-yields-qe-markets-economy-2022-9
https:/
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