Tory Donor Gets Immediate Benefit From Fiscal Event

[FatticusInch]

And just happens to be his former boss.

https://amp.theguardian.com/business/2022/sep/27/tory-donor-says-bets-against-uk-government-bonds-gifts-that-keep-giving

Seems that some millionaires won’t have to wait until next April for their tax cut?

[sevenOP]

" The BoE said it would buy 65 billion pounds ($71 billion) of UK bonds as needed between now and Oct. 14 to stabilise markets." -Sept 28 (Reuters)

The deliberately-made-complex so as to obfuscate, games that Traders --> ( "the market" ), play:

http://bilbo.economicoutlook.net/blog/?p=50528

[Canary42]

Exactly why you can't trust a Tory - lots of Tory Toffs benefited last time the market slumped - they bet on it happening. JR-M springs to mind on Brexit woes.

[Canary42]

"Stuff the Country, look after No 1" is the Top Tory Mantra. Yet millions continue to vote for them - blinkered ostriches.