ChatterBank5 mins ago
What A Great Idea.......
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Yep, it was only £30Billion. Let’s have the right to sue them.
// Liz Truss’s disastrous mini-budget cost the country a staggering £30bn – doubling the sum that the Treasury says will have to be raised by Jeremy Hunt this week in a huge programme of tax rises and spending cuts.
The independent Resolution Foundation calculates that the Truss government was responsible for about £30bn of the fiscal hole which the Treasury puts at £60bn, and which Hunt will have to tackle in the autumn statement on Thursday. //
Yep, it was only £30Billion. Let’s have the right to sue them.
// Liz Truss’s disastrous mini-budget cost the country a staggering £30bn – doubling the sum that the Treasury says will have to be raised by Jeremy Hunt this week in a huge programme of tax rises and spending cuts.
The independent Resolution Foundation calculates that the Truss government was responsible for about £30bn of the fiscal hole which the Treasury puts at £60bn, and which Hunt will have to tackle in the autumn statement on Thursday. //
The looney budget may not have been implemented, but it forced the B of E to borrow £Billions to calm the markets.
https:/ /market s.busin essinsi der.com /news/b onds/ba nk-of-e ngland- bond-bu ying-po und-yie lds-qe- markets -econom y-2022- 9
https:/
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