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Economic expert not surprised the pound SUNK following Kwasi Kwarteng’s mini-budget

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32 Comments

32 Comments

  1. @andrewoliver8930

    January 21, 2024 at 3:16 am

    Short the pound for your investor friends.
    They donate to the party.

  2. @johnrandle8365

    January 21, 2024 at 3:16 am

    He has a view but rich people love money more than anything else the tories are the same its scratch my back and I will scratch yours the elephant in the room is everybody else they won't stimulate the economy the rich because they won't spend into the economy or pay tax into the treasury to support the services the rest of us pay into tanking is on the way .

  3. @andyrobinson2653

    January 21, 2024 at 3:16 am

    We listened to Janet Yellen and the UK went shit creak. And we have an untried chancellor. Who knows. Lets wait and see.

  4. @garryevans1375

    January 21, 2024 at 3:16 am

    So the rich get richer and the everyone else gets fu++ed over .

  5. @hazatack

    January 21, 2024 at 3:16 am

    Does he think he owns your money if you have more than him? He owns your extra?
    Cutting taxes is more analogous to not stealing than throwing money at people.

    He has is short and long terms mixed up. In the short term will will endure consequences after 40 years of bad financial policy has created this black hole. ADAPTATION HAS COSTS in the short term but the costs of leaving bad policy is much worse.

  6. @jbtv5617

    January 21, 2024 at 3:16 am

    The chancellor is high on authority, someone best bring him down a peg or two before we do …

  7. @Jamal-jv8yc

    January 21, 2024 at 3:16 am

    Kwasi and his Quasi- budget. He fecked the countries balance of trade & drove the pound down and thus made it more expensive for Britain to import things like GAS. The asshole just put fuel prices up by coming out with his ill thought out quasi-budget. Where did the people with talent go? In a party of several hundred there’s only about 30 who can cope with high office. The rest are useless. Out of their depth in a puddle.

  8. @concernedcitizen7385

    January 21, 2024 at 3:16 am

    The definition of Trickle Down economics: Wealth is pumped in from the top… and whatever may eventually get to the bottom might be of some benefit.. Kind of like throwing bones and scraps from the banqueting table.

  9. @unusedsub3003

    January 21, 2024 at 3:16 am

    Thank you so much 2019 Tory voters. You wise decisions continue to ensure the prosperity and security of this fine nation for generations to come. I am also confident that your personal hygiene is above reproach.

  10. @run2cat4run

    January 21, 2024 at 3:16 am

    😂 Tories are tanking this while country

  11. @tropics8407

    January 21, 2024 at 3:16 am

    😳 What alternate reality is this ‘economic expert’ in ? Reagan’s policies are still responsible for the dynamism and growth in the USA economy even today. Go Kwasi and Liz Truss 🙏 looking forward to you trimming all the incompetent government spending next 👏👏👏

  12. @seanpidduck

    January 21, 2024 at 3:16 am

    How can tax cuts be unfunded? Does that mean my money belongs to the state instead of myself? Or can I not afford my own tax cuts? Utter delusion

  13. @seanpidduck

    January 21, 2024 at 3:16 am

    The market is deluded. Too used to 14 years of 0% interest. 5% interest are normal and desirable because people might actually save money! Then you cut taxes and those who want to spend can. This is the best budget in my lifetime and the status quo response just proves how far down the Neoliberal rathole we have fallen

  14. @SparkyJohn111

    January 21, 2024 at 3:16 am

    None of the mainstream political parties in the uk are worth voting for.
    I’m going to research the smaller parties and vote for one of them at any future elections, this monopoly by the big parties has to end if we want change.

  15. @raymondelf7520

    January 21, 2024 at 3:16 am

    Britain is the only country in the world that puts their selfs into sanctions

  16. @gxhall

    January 21, 2024 at 3:16 am

    Better idea for the government – stop spending on Ukraine, start extracting Gas, Oil and Coal for UK use only

  17. @JG-fv9bv

    January 21, 2024 at 3:16 am

    The BRICS countries ( Brazil , Russia , India , China , South Africa ) are living away from debt based FIAT currencies and moving towards their OWN ASSET BACKED ( Gold , Oil , Food , commodities etc ) currencies that are actually backed by somethjng REAL …… the Yen , Dollar , Pound , Euro are effectively worthless junked backed by nothing. …whose supposed worth has been diluted to nothing via printing trillions of more worthless fiat …..

    Those at the top WILL be using this created out of thin air credit to,purchase REAL ASSETS and leaving the plebbs to pick up the debt in reduced standards of living and increased taxes

  18. @uingaeoc3905

    January 21, 2024 at 3:16 am

    This Portes is incorrect. The UK Debt-GDP is the second lowest of the G8, only Canada's is lower.
    The point is that Kwartang is taking advantage of that to cut taxes in expectation of tax income rising as the economy is stimulated. the Treasury has been singing the opposite tune for decades and under Sunak was going to increase taxes as if that would stimulate the economy – it wouldn't.

  19. @JG-fv9bv

    January 21, 2024 at 3:16 am

    GB News WHY don't you interview a guy called Mario Aneco ( maneco64 on YT ) someone who actually knows his stuff

  20. @JG-fv9bv

    January 21, 2024 at 3:16 am

    WAKEY WAKEY GB News …… "They" are PLANNING to destroy FIAT backed by nothing currencies in order to usher in the Global Central Bank Digital Currencies

  21. @greyvoice7949

    January 21, 2024 at 3:16 am

    Instead of subsidising everyones energy bills the Government should have gone back to the UK producing it's own energy on a National basis as this is the only way to address what is going on. It would also save a hell of a lot of money in the long term , not to mention stabilise the UK economy and help it as people would then actually have more money in their pockets. The spending power is going to be with the rich and more people forced into poverty which is bad for any economy. In fact it makes me a bit mad that these fools have done so much damage to the UK across the board and immigration is the most ridiculous area which is filled with inaction , lies , abuse of the law and a whole host of other very bad things…

  22. @moon1val

    January 21, 2024 at 3:16 am

    At least this guy put the blame of Inflation on the BoE….trouble is he doesn't understand he's stoking the fire himself

  23. @davidburrows4801

    January 21, 2024 at 3:16 am

    Now fuel prices will go up with the collapse in the pound

  24. @springer3783

    January 21, 2024 at 3:16 am

    High inflation is helping the debt service also

  25. @peacok01

    January 21, 2024 at 3:16 am

    Most developed countries are rushing to devalue their currency. A recession is coming and inflation will be under control next year.

  26. @davidhenrywall8619

    January 21, 2024 at 3:16 am

    Big risk from the Conservative, s . They always look after the rich. The ordinary working people will never get real decent wages. This trickle down new happens , more like a drought for the ordinary working people.

  27. @stuartwood5448

    January 21, 2024 at 3:16 am

    It really has nothing to do with the mini budget- capital markets were already moving money back into the USD – Hense why every currency and commodity was under pressure yesterday- so much so that the Japanese had to step in to support the Yen last week

  28. @johnhall4851

    January 21, 2024 at 3:16 am

    Government don't care about medium to long term finances. They know cash and society is being intentionally and systematically destroyed. They keep us poor and reliant. That's their game.

  29. @gregy797

    January 21, 2024 at 3:16 am

    Where's the white men at ?

  30. @MrLoftusjj3

    January 21, 2024 at 3:16 am

    This is the seventh economic growth plan in the last 10 years' , which did not work. The UK is set to slide into a crippling stagflationary recession as prices soar. But we can send “ANOTHER” £2.5 BILLION to corrupt Ukraine.

  31. @nioengland

    January 21, 2024 at 3:16 am

    the pound will rise again.. whether they continue to look after the super-rich or not

  32. @The.Occupier

    January 21, 2024 at 3:16 am

    He looked like he was away with the fairies at the Queen's funeral

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