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Originally Posted by denphone
So if Liz Truss is completely ruling out spending cuts despite the experts saying she needs to slash £60 billion to pay for her massive, unfunded tax cut.
l am no expert but this does not end well.
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It doesn't seem to add up and if you and I are saying it then I'm sure the markets are too.
Meanwhile, this is a good thread which helps to explain the economic context which the mini budget landed in.
Quote:
- Markets are frantic
- Govt u-turning on everything
- @theIFS warns its fiscal plans don’t add up
- The @bankofengland governor is dropping bombs
- Jacob Rees-Mogg says the current market chaos has nothing to do with the mini-budget
WHAT ON EARTH IS GOING ON
Where to begin?
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Ed Conway @ Sky thread at:
https://twitter.com/EdConwaySky/stat...52813203914753