UK economy.

[Frnc]

BoE considering extending bond buying past Friday. They're doing what they can but the solutions are with the people who caused this crisis.

[jennyjj01]

BoE considering extending bond buying past Friday. They're doing what they can but the solutions are with the people who caused this crisis.

I think the solutíon got dented when the crisis got launched

[Vitamin c]

How many times over the years have we seen youtube videos saying this year is it financial meltdowns across the world , but now seem to be that time we are far from on our own with financial problems .

Can we qe/ print our way out of this one.

[Kiwififer]

Kiwififer - it's brilliant for kids from anywhere - following your own path is a wonderful thing. And very interesting about specialising with dogs.

Thanks, I am rather proud of them as folk can tell.

[Frnc]

BoE considering extending bond buying past Friday. They're doing what they can but the solutions are with the people who caused this crisis.

I think the solutíon got dented when the crisis got launched

I'm fairly confident they'll end up rowing back on the 1% tax cut. Only that will calm the markets/£/bonds/pensions.

[jennyjj01]

BoE considering extending bond buying past Friday. They're doing what they can but the solutions are with the people who caused this crisis.

I think the solutíon got dented when the crisis got launched

I'm fairly confident they'll end up rowing back on the 1% tax cut. Only that will calm the markets/£/bonds/pensions.

It's the nature of politics that if a government makes a forced policy u-turn, it undermines confidence in the markets. That loss of confidence can do more damage than any policy.

These next 3 days are going to be jitters with knobs on for the markets and for our pension trustees. Which shoe will fall first?

https://www.bbc.co.uk/news/business-63230008

The turmoil on UK financial markets has intensified after the Bank of England insisted its emergency bond-buying scheme would come to an end this week....

The BOE has tried to prop up the gilts market, but is about to spectacularly jump clear and let the market take its chances.

[Frnc]

I think the solutíon got dented when the crisis got launched

I'm fairly confident they'll end up rowing back on the 1% tax cut. Only that will calm the markets/£/bonds/pensions.

It's the nature of politics that if a government makes a forced policy u-turn, it undermines confidence in the markets. That loss of confidence can do more damage than any policy.

I disagree. U-turn on 5% did some good, but it's not enough. I think they'll have to scrap the Corporation Tax cut at the very least, and probably the 1%. The Corp tax raised in the UK is already pitiful. It used to be about £50 bn but I saw a recent figure of £26 or 29 bn. This tax cut was due to cost £18 bn. Maybe with the 1% they'll compromise and bring in a new threshold, but that would be costly in itself.

[Frnc]

Indy 1 minute ago

Liz Truss news — live: Foreign secretary fails to rule out U-turn on corporation tax

[Frnc]

UK Business Secretary says the IMF "doesn't know what it's talking about". Also says government may ignore OBR.

He is not learning from the predictable turmoil of the last 2 weeks.

[jennyjj01]

UK Business Secretary says the IMF "doesn't know what it's talking about". Also says government may ignore OBR.

He is not learning from the predictable turmoil of the last 2 weeks.

Oh Boy!
[ Whole political tirade redacted]
So, I'll take the totally apolitical position of our King

“Dear, oh dear. Anyway.”

Some beggar's making a killing shorting this market.