News for hackers. Stuff that matters.
Re:U.K. 30-Year Yield Tops U.S. as Pressure Mounts on Govern... by foldr on Thursday August 21, 2025 @12:01PM (#44974395)
Lots of people told Liz Truss that the budget would lead to a crisis in confidence in the markets. Even more people would have told her if she hasn’t decided to go ahead without an OBR assessment.

Whether or not someone was able to foresee the exact specifics is irrelevant. Everyone who knew anything knew that the budget would have catastrophic consequences.

You don’t have to like Labour’s economic policy, but it’s rather a weak argument to insist that it will eventually lead to an even bigger crisis that the Truss-induced crisis that has actually happened. So far it hasn’t. Isn’t economic policy essentially the art of delaying crises, in any case?

There are no comments on this comment yet.