Tuesday's front pages are dominated by the turmoil in the markets on Monday, which saw the pound touch an all-time low against the dollar. The Financial Times says pledges by the Bank of England and the Treasury that they would work to bring both inflation and government debt under control failed to stop heavy sell-offs of sterling by investors.
The paper also carries the results of a YouGov poll giving Labour a 17-point lead, its biggest in more than two decades.Monday's turmoil shows the markets believe that "talking tough will not be enough" and that borrowing costs will need to "rise sharply to reverse sterling's slide", according to the Guardian.
So now we have Kamikwasi Kwartanks 🤔😩
😀Didn't take long did it!
Conservatives trussliz KwasiKwarteng bankofengland Truss & Kwarteng have gone through the mirror & are now in wonderland.
The pound's status quo, is down, down, deeper & down, how far can it go..
UK media summed up in one tweet
Can I bring two people from America to England Please.
Reckless vandals. This glib incompetent Kawrteng isn’t even fronting up to the mess he’s caused. Says he’ll address it in two months. Staggering lack of ethics and professionalism. KamiKwasi Torychaos
It’s alright, all of those wealthy Conservatives who voted the PM in will put their money into propping up the pound cos they are all behind the country aren’t they and let’s face it they are mostly Lord’s & Ladies of this proud land, ‘aren’t they’?
All part of the plan... their mates short the pound, Krazy Kwarteng crashes the economy, the rich boys get absurdly rich - job done.
Jonathan Reynolds, Shadow Business Secretary: “The Tories used to be the party of business, now they’re just in the business of parties.”
Cwazee Kwarteng 🤯
Suprised no-one went for the headline 'The pound falls, but the penny still hasnt dropped'