He went on to say the government's next statement - a "medium-term fiscal plan" on November 23 - will include a "commitment to spending discipline".It comes after
Although the government has a healthy majority, it would only take around 35 Conservative MPs to put any legislative proposals at risk.'Stupendously out of touch': Govt savaged after saying £30k worker could buy terraced home in LondonThe government will try and ensure some elements do not go to a parliamentary vote, but that will not be possible for everything.
MPs may argue that they are not bound by elements, like the 45p rate, which were not included in the Conservative 2019 manifesto.On Friday the Prime Minister and the Chancellor met the Office of Budget Responsibility for emergency talks after their mini budget spooked the markets.Ms Truss and Mr Kwarteng are expected to release the UK's financial forecast within days.
He should be called the Tory undertaker; he has put the first nail in the party's coffin. They might as well start packing ready to be removed from Downing Street
Destroyed the economy in 3 weeks. Tremendous work.
So there you have it. To fix the mess he created he can start to slash spending. Bye bye benefits.
So he’s just saying things and doing stuff… No actual financial planning required… Truly Fascinating…
Doing stand up now?
Can't we get a refund on that faulty test and trace system? Or the sub standard PPE?
So he promised to cut public spending?…. To fund the riches? He is amazing!!!!
It’s a combination of both BoE and the Government. MarkCarney managed a foreign country’s economy much better than the native British!
Oh god not again
Thérèse Coffey is ditching the government's long-promised white paper on health inequalities, despite the 19-year gap in life expectancy between rich and poor!
Kwarteng is a national liability.
Isn’t the £ rising now?
Yeah with public sector cuts 🙄
You need to go you don’t know what your doing
Oh. The disgraced Abbot who got taken off air due to his views on the Queen spewing more anti Trump filth then adding if he and Truss get in there will never be another election again. Going full left wing rant now.
I hope You guys like anal.....
The caller is talking about duty free who does it benefit 🇬🇧🙄
'Think about the cost to the British economy of mass unemployment, a collapse in consumer spending, and viable businesses going to the wall... doing nothing was not an option.' We have low unemployment Crazy Coatanger! We've vacancies we can't fill. Do something yes. Go now.
I think that ship has sailed.
Is “doubling down” the opposite to “When you are in a hole, stop digging”?
get ready my fellow poor...
just fook off, please with the bull.
By punishing the poverty stricken.
Only Kwasi Kwarteng can claim to be able to save us from Kwasi Kwarteng.
Just look at what private equity has done to care homes 🇬🇧🙄
NIAbbot Back in the day when Kwasikwarteng was doing The Halifax adverts...he was giving everybody extra ThickLizzie MiniBudget poundcrash Kami- KwasiKwartengmustgo
Babe it doesn’t seem right to let the government roll the dice 🎲 without a mandate 🇬🇧
These gimps are running our country into the ground robbing the poor to give to the rich truss the wuss thinks it’s hilarious enjoy ur time bcoz next time you lot are gone for good the people are sick of your tractor porn watching whoppers destroyed our country in 7 days get rid
It's not out of control. He's just thrown all the money away. He's a very dangerous man
Criminals! This far right free market greed cult will soon officially reveal they’re going to steal from the poor to give to the very very rich. Civil unrest is going to happen if they’re not stopped. ToryCriminals ToryCorruption torychaos
That’s nice of him. He is a reverse of Robin Hood takes from the poor and gives it to the rich.
Kwasi announcements should come with a Bullshit alert
Very nice but is he still standing firmly behind Liz
Truss. £500k to fly to Australia to sell.....our farmers down the river.
The few thousand conservative gammons have gambled the countries fiscal security to a poor persons laurel and hardy. When the majority of economists, government and the country can see they are trying to run things into the ground
So massive tax cuts for the highest earners, paid for by cutting benefits to those worst off... yep, makes total sense.
I’m glad that not all humans fear change 🇬🇧💋
Oh, well that’s alright then. You crack on mate.
By hurting the poorest,elderly ,disabled and their carers
What an adorable story. Look forward to reading it to my children outside the home we will soon no longer be able to afford
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Kwasi Kwarteng crashes the bond market love-in\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT. The problem is the reluctance to raise base rates to the realistic levels appropriate for a poorly performing economy like the UK. By trying not to overshoot, this is putting the stresses into the bond market and debt financing. Something has to give.
Source: FT - 🏆 113. / 51 Read more »