Like Tree2Likes

Jeremy Hunts Mini Budget U Turn..

Reply
Page 1 of 2 1 2 LastLast
  1. #1

    Join Date
    Dec 2002
    Location
    薄扶林
    Posts
    44,437

    Jeremy Hunts Mini Budget U Turn..


  2. #2

  3. #3

    Join Date
    Dec 2002
    Location
    薄扶林
    Posts
    44,437

    UK's new finance minister scraps almost all planned tax cuts in bid to appease markets

    https://www.cnbc.com/2022/10/17/uks-...ndroidappshare


  4. #4

    Join Date
    Dec 2014
    Location
    Hong Kong
    Posts
    335

    Seems pound sterling can at least stand at current level now.


  5. #5

    Join Date
    Aug 2008
    Location
    猴山
    Posts
    22,682
    Quote Originally Posted by james_hklocal:
    Seems pound sterling can at least stand at current level now.
    How do you justify this claim?

    But yes a chancellor telling the public taxes need to go up and spending down to pay for energy handouts etc is better than tax cuts and spending now with spending cuts later. Hopefully the markets will be steadied but we really don't know what 2023 will bring
    Last edited by East_coast; 17-10-2022 at 07:37 PM.

  6. #6

    Join Date
    Jun 2018
    Posts
    1,135

    Pretty sure the market had already discounted the moron risk premium out of the valuations when it became clear Truss was a dead woman walking. Rate trajectory coming down might even weigh on sterling a bit when this all shakes out.

    PMQs on Wednesday will be one to set a reminder for.


  7. #7

    Join Date
    Feb 2019
    Posts
    2,656

    Meanwhile today another large regional employer and trophy manufacturing asset has announced its factory will be decamping to China.

    Govt is not playing the long game here.


  8. #8

    Join Date
    Aug 2013
    Location
    The World
    Posts
    1,948

    Backing down on the tax cuts was a mistake, a shame the leadership and the backbench didn't have the guts to stand their ground.


  9. #9

    Join Date
    Dec 2014
    Location
    Hong Kong
    Posts
    335

    Because Liz can't touch the budget anymore.

    Quote Originally Posted by East_coast:
    How do you justify this claim?

    But yes a chancellor telling the public taxes need to go up and spending down to pay for energy handouts etc is better than tax cuts and spending now with spending cuts later. Hopefully the markets will be steadied but we really don't know what 2023 will bring

  10. #10

    Join Date
    Oct 2010
    Posts
    23,622
    Quote Originally Posted by Paxbritannia:
    Backing down on the tax cuts was a mistake, a shame the leadership and the backbench didn't have the guts to stand their ground.
    spode likes this.

Reply
Page 1 of 2 1 2 LastLast