I'll never understand economics

At least not how our government do it.

Friday £45 billion of borrowing to fund a whole slew of tax cuts. Then today the Bank of England has to commit £65 billion of "new money" to shore up the gilts market because of this announcement in Fri. Madness!

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KiwiBird · 36-40, F

Will need to print money to fund this....fuelling inflation further.

Burnley123 · 41-45, M

@KiwiBird Yeaaaaaaaah. And its already at 10%

OldBrit · 61-69, M

@KiwiBird we did £65 billion in one day 🤦🏼‍♂️

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marke · 70-79, M

Communist governments must seize assets earned by oppressed 'comrade workers' or it will not be able to exist and rule over the people who give it its ungodly life. American democrats see cutting taxes as a government subsidy giveaway by a benevolent government to people it took the money from in the first place. Communism and socialism are not good governing philosophies, but extremely oppressive.

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Freeranger · M

I may not be alone on this one my friend but.....I would submit that, the power brokers hire fuzzy math experts fluent in ancient latin to keep us all at bay.
At least, that's my thought.

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Ironicman · 56-60, M

And yet there will be many with insider know who will make millions playing the market.

OldBrit · 61-69, M

@Ironicman a large number were shorting the £ as soon as LT became front runner they've made a fortune already.

Burnley123 · 41-45, M

Truss and Kwateng definitely do not understand economics either.

OldBrit · 61-69, M

@Burnley123 no Britania Unchained showed that but still they got elected.

LordShadowfire · 46-50, M

Must be nice to be able to spend other people's money like that.

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Burnley123 · 41-45, M

@LordShadowfire There was a famous quote from Thatcher (Truss's icon) about socialism having problems when you run out of spending other people's money.

I thought you were referencing that. It would have been a perfect zinger if you were!

LordShadowfire · 46-50, M

@Burnley123 Oh. Didn't know she had said that, but it makes perfect sense.

Burnley123 · 41-45, M

@LordShadowfire That is the best accidental put down I've seen in a while. 😝

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