Truss blames the Treasury for failing to anticipate and manage her budget disaster. That will be the same Treasury whose permanent secretary she fired, whose advice she ignored and who she accuses of peddling a failed orthodoxy 🤦
edition.pagesuite.com/popovers/dynam… Bizarre for Downing Street to complain it wasn't warned about market chaos. Rishi Sunak literally spent six weeks spelling out the consequences of unfunded tax cuts, not to mention numerous @thetimes leader columns 🤷

As some of us have been warning for months, Britain now at risk of a sterling crisis. No evidence at all that Truss and Kwarteng understand the gravity of the situation. Shades of Black Wednesday.

https://twitter.com/BruceReuters/status/1570687280372944899

To be clear, the risk to sterling does not just arise from market concerns about Liz Truss's economic plans or assault on institutions. As I explained here, the deeper problem is structural, the alarming deterioration in Britain's current account.
thetimes.co.uk/article/simon-…

Blimey. Brexit impact on the City worse than anyone thought. Almost £1 trillion of assets already transferred and far more to shift in years ahead according to authoritative new report by @NewFinancialLLP newfinancial.org/wp-content/upl… "We know that the numbers significantly understate the real picture. Over time we expect the headline numbers of firms, staff and business to increase significantly as local regulators require firms to increase the substance of their local operations."

Here’s the full text of Sir Ivan Rogers latest on Brexit - a merciless analysis of a devastating failure of statecraft and the ignorance and mendacity of much of the British political class. news.liverpool.ac.uk/2018/12/13/ful… Here’s Ivan Rogers on the mendacity of those who pretend that leaving the EU without a deal and defaulting to WTO terms will be no problem - the same fantasists who claimed that an EU trade deal would be easiest in history, doable in 2 years...