Bank of England moves to calm bond market rout after tax cut storm

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[–]jet199 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (1 child)

The cost of the tax cut to the public purse is the same as the cost of the aid the UK gave to the Ukraine.

One is so much money the IMF stepped in but the other didn't even create a murmur.

The top rate of tax in the UK is 45% compared to 38% in the US, so they are just bringing the country into line with the competition not doing anything drastic.

In reality the bond market is in chaos because of interest rates and the possibility of an upcoming financial crash.

But we shouldn't speak of such things.

[–][deleted] 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (0 children)

Of course we should. You should know my attitude a little bit by now...