@Schuldensuehner | 289,181 followers
UK’s biggest tax cuts since 1972 trigger crash in bonds. 5y GILT yields jump >50bps, biggest daily jump on record.

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Total of 18 replies and 9 quotes found
So by cuttings taxes for the rich, the UK now needs to pay much more to borrow money.

It gets less money from taxes and has more costs, which means it can spend much less.

Who ultimately pays the price? Everyone in the UK save the rich.

Trickle-down economics in all its glory.
 
In reply to @Schuldensuehner
Cuts and more spending equal more inflation.....
 
In reply to @Schuldensuehner
Hey bots 🤖, why isn’t this being talked about?
 
 
While much of the writing was about winter, Europe is already breaking now #OOTT #ONGT
 
英国の1972年以来の大幅減税をきっかけに、債券が暴落。5年物GILT利回りが50bps以上上昇し、一日の上昇幅が過去最大に。
 
 
In reply to @Schuldensuehner
Thats going to help biz capex 🙄
 
In reply to @Schuldensuehner
Oh Gott. Sie werden ja ordentlich von den Binance Bots zugespamt.
 
Bond vigilantes are back from 10-year hibernation.
 
 
Are you observing #British kerplop?

'The Institute for #Fiscal Studies said the #tax cuts were the largest since the #budget of 1972 - which is widely remembered as ending in #disaster because of its inflationary effect,' according to @Reuters.

fight fire with fire 🎶
 
In reply to @Schuldensuehner
I knew this would happen the moment the ruling class voted against Sunak. He was our last rational hope. Now we can at best hope for our pretend Ironlady to wreck the economy before there is any risk of real nuclear war. Elections can’t come soon enough.
 
In reply to @Schuldensuehner
FTSE tanked and GBP continues to get crushed by USD
 
I maggiori tagli alle tasse del Regno Unito dal 1972 innescano un crollo delle obbligazioni. I rendimenti del GILT a 5 anni saltano > di 50 punti base, il più grande balzo giornaliero mai registrato.
 
Tighten your sear belts
 
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