From mini-budget to market turmoil: Kwasi Kwarteng's week
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- Опубликовано: 29 сен 2022
- The new chancellor has been caught up in international controversy after announcing sweeping tax cuts in a mini-budget which resulted in a plunge in the pound, soaring mortgage rates and a £65bn intervention by the Bank of England to bail out pension funds.
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We look back at a week of market turmoil.
Liz Truss and Kwasi Kwarteng to hold back OBR forecasts for six weeks ► www.theguardian.com/politics/...
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#KwasiKwarteng #MiniBudget #PoundDrop #LizTruss #Tories #Economy #Pound #UK
Liz Truss and Kwasi Kwarteng to hold back OBR forecasts for six weeks ► www.theguardian.com/politics/2022/sep/30/office-for-budget-responsibility-to-give-forecast-to-chancellor-on-7-october
this is class war. enough is enough
Just amazing hubris
It's not a gamble when you're certain to lose - or win if you can afford to short sterling.
No wonder Labour are so far ahead.
My greatest concern is how to recover from all this economic and global inflation and stay afloat, especially with the political power tussle going on in the US.
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Growth? I just advised my client not to set up business in the UK.
As over promoted as Dorries. As dishonest as Rees-Mogg. As inept as Grayling. This guy's got it all.
The fiscal acumen of conservative parties is questionable.
He's not giggling now... Then again, we don't have a royal funeral every week.
The Chancellor of the super rich.............
champagne party with financiers on mini-budget day’ all we need to know. growing his mates wealth?
Brexit was an absolute MESS.
Brexit was a democratic decision, if you are not into democracy then Mr Putin will have you!
Is
Mini-budget for people Giant-Money for corporations.
I am not even left with Quasi-trust anymore.
I prefer to have Quasimodo to Kwasi kwarteng.
He's trashed his own future job prospects as hes absolutely useless and untrustworthy, Same with the sidekick Truss...
Well the Smirk has been wiped off truss face now hasn't it. Very costly to the country though.
This is so abashing!
We can guess / know what the OBR says . Don't on any account do what you have done . TANK THE ECONOMY.
2 million hungry people marching on Downing street will bring positive changes
Is it right Kwasi has a PhD, does anyone know what in. If he is a doctor - witch ?
Sunak forecast the financial crisis Liz Truss's tax cutting would precipitate. Truss & Kwarteng then do not allow the Office for Budget Responsibility to examine their budget before its announcement. Certain people / organisations knowing the tax cutting is coming then make lots of money as a result of the crisis. Does this smell fishy ? Does it need investigating ?
He doesn't look very clever
Because he is black?
Vote of no confidence required.
He definitely helped his pals with his pathetic actions immensely no wonder he was smiling during Queens funeral at Westminster Abbey leaving everyone puzzled! Chancellors dept never gave an explanation when they were questioned!
The destruction of the mini budget, certainly wasn't mini
I never thought I would here myself saying this but.....come back George Osborne, all is forgiven, at least you had an "A" Level in math's...!
Rude much they would of been a kid at the time with a levels and they don't show true intelligence but sadly we voted these guys in.. I definitely Didn't but Just gonna accept it... Liz is the biggest liar I've seen, especially when u see clips of her before she had this power.. 👀
@@anuawotula2876 I am terribly sorry Anu, but I am not the brightest button in the box, so could you explain to me the first sentence of your comment in English please.
@@mdf2mdf287 are u english?
@@paanbanaraswaala5310 Why do you ask Paanbanaras.?
Another Mess you got us in , done this much damage in this so called Mini Budget,what it will be like when he does main Budget.
What a joke 😂🤣😅🤣😅🤣
Kwasi introducing quasi economics
Kasi should just resign now
He needs to get back on the banana boat.
Put a guy in charge that knows nothing is a big mistake and Lizz Truss to blame ,
That's the prime minister and chancellor giving their donors a tax break and running with it!
Kwasi best student at The Dianne Abbott school of higher economics
And lucky us it was just a mini-budget. Imagine the shitstorm if it were a mega-budget.
Hubris?
Markets are responding to the absurdity.
RESIGN !
Rishi Sunak had exactly warned against these policies.
The UK economy grew fastest under a Labour government. FACT
here's an idea...
STOP BORROWING FROM BILLIONAIRES
TAX BILLIONAIRES.
Who's gonna fund their campaigns then?
They missed my package delivery
Cream rises to the top, but the drops that trickle down are sour.
He is the epitome of all that's wrong with British Politics!
Incompétence as an art form
Andrew Pierce that world beating journalist who works for The Daily Mail ,said Kwasi Kwarteng has the Brain the size of a planet . Englands journalists are the best in the world
I love to buy UK gilts!
Should be cheap right now, the BoE can't give 'em away. Literally, they've had to spend 65 billion quid to stop the pension funds collapsing for a few weeks.
This man's political and economic credibility is gone.
how did your old boss Crispin Odey do out of the deal kamikwasi ?
And Guardian conveniently ignored that pound did well for last two days of the week 😃
They are both chanchers .. How she got to this position , horizontal promotion ??.
We’d be saying nasty things either way. If he had or hadn’t done something. This place is full of warnings and negatives it’s become a sickness of the inepternet
Who gives you extra Halifax man gone up in the world
When did the Conservative Party become the Coonservative Party?
RIP 2022-2022
The Pound falling to its lowest level ever against the U.S. Dollar. Kwarteng is 'sticking to the growth plan' .
War is always goo for business
Hows cutting NI tax cut which is about £1 a week for me is going to help grow the economy. Please someone explain the logic 🤣
The trickle up party AKA walking contradictions "Tories"
How not to impress the IMF.
Psalms chapter 2
1:08
So much winning, the EU looks on jealously
Collapse the market we every one sells and they buy through the back door
Rishi Sunak had exactly warned against such interventions
Who voted for this?
America was in deep recession before WW2. Then business boomed making war materials
How about Free Julian Assange oh nest of hypocrites
Except the pound has rallied back to its pre mini-budget level...
And the Bank of England has used the magic money tree to buy bonds which the government will have to buy back. This 'mini-budget' is a shitshow
Yeah, at the cost of 65 billion
@@beatleneil The increased revenue from increased growth will retrieve that...
@@Budanevey 🔥"This is fine."🔥
@@redlightmax Could be worse, ask the Netherlands...
The UK economy GREW this month by 0.2%, so we're NOT IN RECESSION like the Bank of England predicted. Also the Pound is rising back fast.
Well if you call raising back fast to where it was in first place, before they open their mouth. it's not really that impressive is it. At what price, a huge loss in the countries credibility and being propped up by the BOE. I'd like better from our government!!!
It's measured in quarters you half wit. The UK economy shrank over the previous quarter and if that is followed by the next quarter it's an official recession until an entire quarter of growth is recorded again.
@@darthwiizius nope 🙅♀️
Yeap
@@WisdomToAll
You really are daft aren't you, the technical definition of a recession is 2 consecutive quarters of contraction, it's not a debate. I suggest you walk away, I think your mummy is calling you.
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