Re: New Prime Minister: Liz Truss
What's wrong with the mini-budget? Commentators point out the following (inter-alia):
- Kwarteng did not need to announce reliefs that were not immediate;
- Kwarteng should not have abandoned the 45% rate;
- Kwarteng would have been wise to take an OBR forecast
Thing is, he & Truss knew what the OBR would say but forgot or ignored what the loss of confidence by the world would mean for his measures.
Cluster-* doesn't cover it.
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Seph.
My advice is at your risk.
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