Ah. Well in that case he’s very good at his job 
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UK national debt currently around £2.4 trillion, up from around £1.2 trillion in 2010.
£2,400,000,000,000.
Apparently going up by £20bn a month in interest alone, so £240bn a year. the UK generates around £720bn in tax each year, how can this government find any kind of solution to our national debt when the interest alone makes up around 33% of our income? In football terms are we heading for administration?
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This is what is fucked up about govt finances in general - credit card economics
Most govts would be declared bankrupt if they accounted in the same fashion as they demand the private sector to
It’s almost comical, except it isn’t funny anymore.
I actually didn’t realise it was satire, I’ve never watched much of it before giving it up as a bad job. Genuinely thought he really was just a very angry political pundit 
FFS 🤦
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Anyone else thinking that Sunak might have been a somewhat safer pair of hands? 
To be honest I thought the whole thing was decided by the Treasury itself and the Chancellor is jut a figurehead.
They have taken a whopping risk - they are effectively bucking market orthodoxy
Both the chancellor and the PMs backgrounds are economics (proper economics, not that PPE oxbridge shite) so you would think that have an idea of what happen when certain levers are pulled
This is going to be one of those moves that is either a stroke of genius or a bust flush - and nothing in between
Coincidentally I met someone on Friday who worked with a 24yr old Liz Truss when she was a n economist. He described her as cold and very sure of herself.
When I asked him if he thought we were buggered, he said “I think you are”
Happy Hump day
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The Treasury advises, but the Chancellor makes the decisions. The Chancellor also gets to decide on who runs the Treasury (both on the political and administrative sides), and it’s notable that one of Kwarteng’s first moves was to sack the permanent secretary to the Treasury, Tom Scholar.
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Kwasi Kwarteng delivers on his promise to make stamp duty a thing of the past by ensuring nobody can get a mortgage.
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Nicked 
I imagine not the first time it’s been nicked 
I nicked it myself, from sicki
Lots of people coming up with the same joke then
I assume the news that every other currency on the planet is tanking against the dollar is being widely reported?
Zloty, Yen, Yuan, Euro etc?
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What as in the Eur only buys you 96c these days and that is has fallen 18% in value in the last 12 months (GBP has fallen 20%)?
No - this is a uk only crisis
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I saw a headline saying sterling has suddenly gone down, and I thought “what’s new, he never stays on his fucking feet”.
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