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Re: Starmer’s chronicles
Quote:
Originally Posted by papa smurf
i saw it on a news channel not sure which one
but it seems it was only £3 billion
Rachel Reeves crying: Shades of Liz Truss as pound freefall wipes £3bn off markets
Tears in the Commons led to turmoil in the markets as Rachel Reeves's emotional moment sent shockwaves through the UK economy, leaving many in suspense.
https://www.express.co.uk/news/uk/20...ng-live-shades |
Phew…
A bit of a recovery when Starmer backed Reeves…
https://www.telegraph.co.uk/business...arkets-latest/
Quote:
Bond market reaction has ‘enhanced’ Chancellor, say investors
Rachel Reeves’s position as chancellor has been made more secure by the sharp reaction in bond markets to questions over her future.
Will Walker-Arnott, a director at wealth manager Charles Stanley told BBC Radio 4’s Today programme: “This is a rare example of financial markets actually enhancing the career prospects of a politician.
“The markets were concerned that if the Chancellor goes then any fiscal discipline would follow her out the door and that would mean bigger deficits, more gilt issuance and so, obviously, gilt yields went up.”
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