Discover and read the best of Twitter Threads about #kamikwasi
Most recents (4)
🚨🇬🇧🇪🇺🍒🍒🍒🍒🍒🍒🍒🍒🇬🇧🇪🇺🚨Morning. We're moving back to Switzerland it seems. No doubt it'll all go like clockwork. If you want good primer/backgrounder this from @SarahMOverton via @UmKandEU is excellent.
CCing @RishiSunak @Jeremy_Hunt for info! /1
ukandeu.ac.uk/explainers/eu-…
CCing @RishiSunak @Jeremy_Hunt for info! /1
ukandeu.ac.uk/explainers/eu-…
This all stems from this michievous @cazjwheeler story in Sunday Times. Sourcing unclear but obviously it's an antidote to some of the dafter "Brexit isnt making us poorer", stuff that senior ministers are cornered into all the time these days. /2
thetimes.co.uk/article/britai…
thetimes.co.uk/article/britai…
It attempts to address the "no cakeism" reproach from the EU and a typically Brexiter belief (still!!) that we're too big for the EU to say no. But the "size and proxmity" of the UK to the EU is EXACTLY the reason EU says "no🍒-picking". Hard to believe that penny not dropped./3
5 Economists from different independent orgs eg @instituteforgov @TheIFS @NIESRorg @resfoundation Chief UK Economist of @DeutscheBank
@gemmatetlow @PJTheEconomist @jagjit_chadha @TorstenBell
All critical of Govt & concerned about its fiscal credibility!!🔥
@gemmatetlow @PJTheEconomist @jagjit_chadha @TorstenBell
All critical of Govt & concerned about its fiscal credibility!!🔥
#THREAD
The British Social Attitudes Survey is Britain's longest running annual statistical survey, conducted by the highly respected National Centre for Social Research since 1983.
New results show Britain has become MORE liberal, but more divided too.
bsa.natcen.ac.uk
The British Social Attitudes Survey is Britain's longest running annual statistical survey, conducted by the highly respected National Centre for Social Research since 1983.
New results show Britain has become MORE liberal, but more divided too.
bsa.natcen.ac.uk
The most pressing issue is of course the #CostOfLivingCrises that threatens a severe drop in living standards, especially for the less well off, compounded by the announcements in what has been dubbed the #KamiKwasi "mini-budget', set to dramatically increase inequality.
Other issues facing Britain include our underfunded #NHS still recovering from the pandemic; the integrity of the Union is under threat; significant regional disparities in economic & social wellbeing; & deep political division over a Brexit - part of a polarising ‘culture war’.
Hedge-funders & disaster capitalists will crack open the champagne & make a killing from our reckless ideologically extremist Govt, as the pound plummets & investors take fright at the prospect of a surge in govt borrowing to pay for tax cuts for the rich.
theguardian.com/business/2022/…
theguardian.com/business/2022/…
#KamiKwasi Kwarteng's insane tax giveaway, the biggest since 1972 , “risks a confidence crisis in sterling”, & the market reaction demonstrates “a broader loss of investor confidence in the government’s approach”, reflecting the damage to Britain’s standing in global markets. 🇬🇧
“[It’s] really hard to overstate the degree to which the Kwarteng budget has just wrecked the gilt market.”
Illustrating the scale of the turmoil, five-year gilt yields had moved by the most in a single day since 1993, surpassing the Covid pandemic, the 2008 crash, & 9/11.
Illustrating the scale of the turmoil, five-year gilt yields had moved by the most in a single day since 1993, surpassing the Covid pandemic, the 2008 crash, & 9/11.
