‘We will likely lose our dream house because of Kwarteng’s actions’ - https://www.theguardian.com/money/2022/sep/29/our-dream-of-home-ownership-is-slipping-away-because-of-kwartengs-actions tories are destroying people's dreams... #sterlingcrisis
Glyn Moody
Estate agents tell of woes in Britain's housing market - https://www.theguardian.com/business/live/2022/sep/29/pound-slides-former-boe-chief-carney-accuses-government-undercutting-bank-business-live?page=with:block-633541268f084e56bac57d95#block-633541268f084e56bac57d95 tories now trashing the entire housing market... #Sterlingcrisis
Truss accused of hiding from budget chaos as No 10 resists recall of MPs - https://www.theguardian.com/politics/2022/sep/28/keir-starmer-labour-no-10-lost-control-economy-recall-parliament truss is not the worst leader, she's not a leader at all - atrocious failure to show herself and speak up #Sterlingcrisis
Labour membership rises as party ends conference buoyed by polls - https://www.theguardian.com/politics/2022/sep/28/labour-membership-rises-as-party-ends-conference-buoyed-by-polls #sterlingcrisis
Tory MPs tell Truss: sack Kwarteng or face mutiny - https://www.theguardian.com/politics/2022/sep/28/liz-truss-kwasi-kwarteng-tory-mps-sack-or-mutiny #Sterlingcrisis
UK house prices predicted to drop by at least 10% in 2023 - https://www.theguardian.com/money/2022/sep/28/uk-house-prices-predicted-fall-mortgage-interest-rate #redwall voters will love that... #not #Sterlingcrisis
I think we’re in a #Sterlingcrisis
Caused by reckless and irresponsible Chancellor
Brexit was bad for pound, but this is the worst since 1992 Black Wednesday, when we left the ERM
Also caused by a Tory Chancellor
Why do people think you can trust the Tories with the economy?
RT @ChrisGiles_: Bank of England and Treasury are not denying there will be a statement on sterling later today
🐦🔗: https://nitter.eu/GreenPartyMolly/status/1574370315647520770
RT @ldafce2@twitter.com
No 10 denies row between Truss and Kwarteng over sterling crisis response - https://www.theguardian.com/politics/2022/sep/27/no-10-denies-row-between-truss-and-kwarteng-over-sterling-crisis-response fight fight fight #Sterlingcrisis
The political naivety of Trussonomics is staggering - https://www.theguardian.com/business/nils-pratley-on-finance/2022/sep/26/the-political-naivety-of-trussonomics-is-staggering they simply aren't up to the task - no surprise, given the lightweights we've got in the cabinet.... #Sterlingcrisis
"By not allowing the OBR to come up with an independent assessment, it’s just created a view around the world that what on earth is going on inside the British Government and that there aren’t really many adults in the room, let’s say." - https://www.theguardian.com/business/live/2022/sep/26/sterling-record-low-tax-cuts-investors-kwarteng-truss-ftse-stock-markets-business-live?page=with:block-6331b3ce8f08f9373688e272#block-6331b3ce8f08f9373688e272 #Sterlingcrisis
RT @julianHjessop: ps. what this does show is how the '#sterlingcrisis' narrative has taken root in the media.
Every fall in the £ vs. the $ is now automatically spun as part of this narrative, regardless of what's actually behind it (in this case, speculation of an even bigger US rate hike)! 🙄
🐦🔗: https://nitter.eu/john4brexit/status/1572612408396623872
RT @julianHjessop: This won't fit the prevailing UK #recession / #BrexitHasFailed / #sterlingcrisis narratives, but...
👍 the UK composite #PMI output index was unchanged at 53.1 in June (better than expected)
👎 the euro area index fell to 51.9 (worse than expected)
🐦🔗: https://nitter.eu/john4brexit/status/1539904811444969472
#recession #BrexitHasFailed #sterlingcrisis #PMI