If only someone had predicted this

"There will be a run on sterling. The gilts market will be in freefall. And the FTSE will tumble as global investors take fright and sell off every form of British asset. It might take only a few days, or the government might stagger through until the end of September, but before long Liz Truss and her new Chancellor Kwasi Kwarteng will have been forced to call in the IMF to stabilise a collapsing economy. That is, at least, according to the former Chancellor Rishi Sunak. With just a few desperate days left in his doomed leadership campaign, he has declared his opponent's tax and spending plans so wild and reckless they risk a full-blown sterling crisis of the sort we have not seen since the 1970s."

That was an article in the Spectator in late August. Rishi knew.

Posted By: Old Git on September 26th 2022 at 14:51:25

Message Thread

Interest rate rise incoming (General Chat) - JoeyDeacon, Sep 26, 12:54:37
- Very glad I no longer have a mortgage (General Chat) - jamesward, Sep 26, 14:49:48
  - I don't either but will hope to "upsize" in the near future which will mean getting one (General Chat) - JD3, Sep 26, 15:37:17
    - Sell now, move in with parents/family save more money, wait for crash (n/m) (General Chat) - Jumbo1, Sep 26, 18:40:06
      - yeah but you’d end up spending the money saved on therapists (General Chat) - CWC, Sep 26, 20:11:55
    - Is that a better time to upsize? (n/m) (General Chat) - SCC 28, Sep 26, 15:56:10
      - Yes, assuming the crash % is uniform (General Chat) - jamesward, Sep 26, 16:37:38
        
        Doing some calculations (General Chat) - SCC 28, Sep 26, 17:00:37
        
        👍🏼 (n/m) (General Chat) - JD3, Sep 26, 22:35:30
  - Good for you - meant sincerely (General Chat) - JoeyDeacon, Sep 26, 15:14:00
    - Just bought some beer to watch the England game with my son tonight (General Chat) - jamesward, Sep 26, 16:36:25
      - It’s a good start (General Chat) - JoeyDeacon, Sep 26, 16:47:43
    - He could help pay off mine (n/m) (General Chat) - SCC 28, Sep 26, 15:17:09
- 12 years of fucking tories and Brexit. Hardly surprising really (n/m) (General Chat) - ChampsChamps2023, Sep 26, 13:33:07
  - Blub (n/m) (General Chat) - Wrath analytica, Sep 26, 15:37:36
  - You sit in your stained y-front pants and string vest all day plaguing chat boards (General Chat) - JoeyDeacon, Sep 26, 14:36:43
    - Hahahahahah I make more money than you mate (n/m) (General Chat) - ChampsChamps2023, Sep 26, 15:02:32
      - Martha’s Vineyard (n/m) (General Chat) - Wrath analytica, Sep 26, 16:56:41
      - Oh really? 🤔 (n/m) (General Chat) - JoeyDeacon, Sep 26, 15:12:31
        
        We've all been fooled by the sixth-form socialist from Essex. (General Chat) - camcan, Sep 26, 15:39:25
        
        Haha (n/m) (General Chat) - JoeyDeacon, Sep 26, 15:46:58
- horse has bolted there I think (General Chat) - CWC, Sep 26, 13:04:08
  - If only someone had predicted this (General Chat) - Old Git, Sep 26, 14:51:25
    - also in the Spectator (General Chat) - Bertie Russell, Sep 26, 16:30:15
    - I'm not a massive Sunak fan, but fuck me he was so obviously (General Chat) - jamesward, Sep 26, 14:56:22
      - Great to see his prospects sink without trace as he returns to the wilderness . (n/m) (General Chat) - Larrikin, Sep 26, 16:22:37
        
        LOL Considering how much his wife and he are worth prospects aren't likely to be a problem (n/m) (General Chat) - The Gaffer, Sep 26, 19:15:39
        
        Zero prospects of any power and influence and all his previous work binned. Great stuff (n/m) (General Chat) - Larrikin, Sep 26, 21:41:47
        
        Do you 'actually' believe any of this shit you regurgitate? (n/m) (General Chat) - CWC, Sep 26, 17:15:41
      - He was an actual grown up (General Chat) - Old Git, Sep 26, 15:06:02
        
        Yeah but Chloe from Norwich says we’re on the right path (n/m) (General Chat) - SCC 28, Sep 26, 15:09:38
        
        This classic isn't even funny anymore (General Chat) - KevinBond, Sep 26, 15:42:42

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