Junking the mini-budget won’t stop market stress
With further interest rate rises on the way, and the UK probably already in recession, financial stress is likely to mount.
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With further interest rate rises on the way, and the UK probably already in recession, financial stress is likely to mount.
Welcome to the A Long Time In Finance Podcast; the long view of finance, markets and money as seen by two veteran City editors.
A silver lining to the Trussonomics travesty is that the UK finds itself in a position where the borrow to spend is being investigated.
We have a government with no clue how to finance its tax cuts and a tightening liquidity squeeze with double-digit inflation.
If the Government is serious about growth and reaffirming the UK’s status as the world’s financial services centre, reform is vital.
Britain didn’t become a 19th century powerhouse because it had great governments or even the right policies but because of access to finance.
Truss has clawed back a little respite from the financial markets by bringing the watchdog back into the fold. But she won’t budge on dates.
If Cebr’s calculations are right, it would appear that the Chancellor has managed to burn his reputation for fiscal prudence for no good reason.
In this week’s episode, Lucy Beresford talks to Reaction CEO and publisher Iain Martin about the current state of the British economy.
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