Crosswords1 min ago
Truss
24 Answers
There are hundreds of economists in The Treasury, the Bank of England and God knows how many quangos. Can it really be the case that Truss was not warned about the dangers of her actions, that the majority of them were wrong or that advice they gave was ignored? Surely all three possibilities are bizarre. Which leaves what?
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Paigntonian
//Now BBC and Sky are giving half their news bulletins over to one-to-ones with Starmer. Quite extraordinary.//
Odd how other ABers advocate against watching Sky and BBC too isn’t it?
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It’s almost as if…..ah, doesn’t matter!
//Now BBC and Sky are giving half their news bulletins over to one-to-ones with Starmer. Quite extraordinary.//
Odd how other ABers advocate against watching Sky and BBC too isn’t it?
https:/
It’s almost as if…..ah, doesn’t matter!
But to answer the OP, she certainly was warned.
https:/
PM's 'favourite' economist says chancellor 'took his eye off ball' and 'overstepped the mark' with mini-budget
Prime Minister Liz Truss's external adviser on the economy has told Sky News that the chancellor had "taken his eye off the ball" and "overstepped the mark" with his mini-budget.
Gerard Lyons, who is often referred to as Ms Truss's "favourite" economist, said Chancellor Kwasi Kwarteng failed to adequately prepare the financial markets ahead of his announcement.
Speaking on The Take With Sophy Ridge, Mr Lyons said: "The chancellor, whilst he had focused on the general public and on British businesses, he had not really prepared the financial markets fully.
"And I think he had taken his eye off the ball slightly, shall we say, in having not prepared the markets for what he was doing in the budget and I felt that he overstepped the mark last week.
"So it was a combination of all three factors - the febrile markets because of the global backdrop, the actions of the Bank of England last Thursday but let's be in no doubt, it was primarily the mini-budget last Friday that triggered this latest series of events.
Pushed on whether they had taken his advice, he said: "Well, sometimes people listen, sometimes they don't, but there were positives that came out of it. But as we saw last Friday, there was just not enough in line with what the markets had been prepped for and were expecting."
She was given fair warning.
https:/
PM's 'favourite' economist says chancellor 'took his eye off ball' and 'overstepped the mark' with mini-budget
Prime Minister Liz Truss's external adviser on the economy has told Sky News that the chancellor had "taken his eye off the ball" and "overstepped the mark" with his mini-budget.
Gerard Lyons, who is often referred to as Ms Truss's "favourite" economist, said Chancellor Kwasi Kwarteng failed to adequately prepare the financial markets ahead of his announcement.
Speaking on The Take With Sophy Ridge, Mr Lyons said: "The chancellor, whilst he had focused on the general public and on British businesses, he had not really prepared the financial markets fully.
"And I think he had taken his eye off the ball slightly, shall we say, in having not prepared the markets for what he was doing in the budget and I felt that he overstepped the mark last week.
"So it was a combination of all three factors - the febrile markets because of the global backdrop, the actions of the Bank of England last Thursday but let's be in no doubt, it was primarily the mini-budget last Friday that triggered this latest series of events.
Pushed on whether they had taken his advice, he said: "Well, sometimes people listen, sometimes they don't, but there were positives that came out of it. But as we saw last Friday, there was just not enough in line with what the markets had been prepped for and were expecting."
She was given fair warning.
