From mini-budget to market turmoil: Kwasi Kwarteng's week

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The new chancellor has been caught up in international controversy after announcing sweeping tax cuts in a mini-budget which resulted in a plunge in the pound, soaring mortgage rates and a £65bn intervention by the Bank of England to bail out pension funds.
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We look back at a week of market turmoil.
Liz Truss and Kwasi Kwarteng to hold back OBR forecasts for six weeks ► www.theguardian.com/politics/...
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#KwasiKwarteng #MiniBudget #PoundDrop #LizTruss #Tories #Economy #Pound #UK

Опубликовано:

29 сен 2022

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Комментарии : 124

@guardiannews Год назад

Liz Truss and Kwasi Kwarteng to hold back OBR forecasts for six weeks ► www.theguardian.com/politics/2022/sep/30/office-for-budget-responsibility-to-give-forecast-to-chancellor-on-7-october

@rosewoodsam Год назад

this is class war. enough is enough

@mmo5366 Год назад

Just amazing hubris

@jinbutsufumei Год назад

It's not a gamble when you're certain to lose - or win if you can afford to short sterling.

@nealfig Год назад

The fiscal acumen of conservative parties is questionable.

@lesliesanger4255 Год назад

Growth? I just advised my client not to set up business in the UK.

@ThomasKing19933 Год назад

No wonder Labour are so far ahead.

@manic2360 Год назад

The Chancellor of the super rich.............

@grahamturner1290 Год назад

He's not giggling now... Then again, we don't have a royal funeral every week.

@earnestequivocation6250 Год назад

As over promoted as Dorries. As dishonest as Rees-Mogg. As inept as Grayling. This guy's got it all.

@Effiong94 Год назад

My greatest concern is how to recover from all this economic and global inflation and stay afloat, especially with the political power tussle going on in the US.

@georgeo.barton2967 Год назад

BITCOIN IS PROFITABLE 🤑 🤑

@rashidjp7882 Год назад

@Sir KEN MOHAMED She is active on Wassap Messenger ! 👇

@sonofrose790 Год назад

@chrisauthor442 Год назад

A lot of investors have restrained from the market because of the volatile and sudden crash in the market. But I've learned to understand that trading is quite different from just holding. There are short sales for bearish and long sales for bullish.

@WilliamReynolds887 Год назад

I remember back in 2020 when I began my trading journey due to the pandemic I needed a sources that would work for me while I was away. after I made my first $95,000 under her management I then turned to invest in the real market. I make profit on weekly bases. Melisa is a trade queen. I love so much.

@greenleafyman1028 Год назад

Mini-budget for people Giant-Money for corporations.

@mishatomskovich7103 Год назад

champagne party with financiers on mini-budget day’ all we need to know. growing his mates wealth?

@Hexed_Precinct Год назад

I am not even left with Quasi-trust anymore.

@Bennyboy12 Год назад

I prefer to have Quasimodo to Kwasi kwarteng.

@grassytramtracks Год назад

The destruction of the mini budget, certainly wasn't mini

@thecrusader6401 Год назад

Brexit was an absolute MESS.

@s13hgp Год назад

Brexit was a democratic decision, if you are not into democracy then Mr Putin will have you!

@martinhumble Год назад

@martinobrien7110 Год назад

We can guess / know what the OBR says . Don't on any account do what you have done . TANK THE ECONOMY.

@ugipse Год назад

Vote of no confidence required.

@sayyidalinaqvi1763 Год назад

This is so abashing!

@jbtv5617 Год назад

He's trashed his own future job prospects as hes absolutely useless and untrustworthy, Same with the sidekick Truss...

@csharpe5787 Год назад

Well the Smirk has been wiped off truss face now hasn't it. Very costly to the country though.

@NoNameNoName-No Год назад

Another Mess you got us in , done this much damage in this so called Mini Budget,what it will be like when he does main Budget.

@matteofalduto766 Год назад

And lucky us it was just a mini-budget. Imagine the shitstorm if it were a mega-budget.

@selvynchristophers1644 Год назад

He definitely helped his pals with his pathetic actions immensely no wonder he was smiling during Queens funeral at Westminster Abbey leaving everyone puzzled! Chancellors dept never gave an explanation when they were questioned!

@Enochoo Год назад

What a joke 😂🤣😅🤣😅🤣

@mdf2mdf287 Год назад

I never thought I would here myself saying this but.....come back George Osborne, all is forgiven, at least you had an "A" Level in math's...!

@anuawotula2876 Год назад

Rude much they would of been a kid at the time with a levels and they don't show true intelligence but sadly we voted these guys in.. I definitely Didn't but Just gonna accept it... Liz is the biggest liar I've seen, especially when u see clips of her before she had this power.. 👀

@mdf2mdf287 Год назад

@@anuawotula2876 I am terribly sorry Anu, but I am not the brightest button in the box, so could you explain to me the first sentence of your comment in English please.

@paanbanaraswaala5310 Год назад

@@mdf2mdf287 are u english?

@mdf2mdf287 Год назад

@@paanbanaraswaala5310 Why do you ask Paanbanaras.?

@seekingenlightenment9685 Год назад

Is it right Kwasi has a PhD, does anyone know what in. If he is a doctor - witch ? Sunak forecast the financial crisis Liz Truss's tax cutting would precipitate. Truss & Kwarteng then do not allow the Office for Budget Responsibility to examine their budget before its announcement. Certain people / organisations knowing the tax cutting is coming then make lots of money as a result of the crisis. Does this smell fishy ? Does it need investigating ?

@hasanchoudhury5401 Год назад

Hubris? Markets are responding to the absurdity.

@johntaylor3940 Год назад

Put a guy in charge that knows nothing is a big mistake and Lizz Truss to blame ,

@adambarker8619 Год назад

He needs to get back on the banana boat.

@sadikmeah4057 Год назад

He doesn't look very clever

@lukealadeen7836 Год назад

Because he is black?

@robertw5052 Год назад

That's the prime minister and chancellor giving their donors a tax break and running with it!

@HXLproductions Год назад

Kwasi introducing quasi economics

@public.public Год назад

The UK economy grew fastest under a Labour government. FACT here's an idea... STOP BORROWING FROM BILLIONAIRES TAX BILLIONAIRES.

@anyinsah Год назад

Who's gonna fund their campaigns then?

@iamdmc Год назад

RESIGN !

@federalauditsabatordetecte8607 Год назад

They missed my package delivery

@TEAMMAURICE Год назад

Kasi should just resign now

@ragnor56 Год назад

He is the epitome of all that's wrong with British Politics!

@peterkirby2771 Год назад

Andrew Pierce that world beating journalist who works for The Daily Mail ,said Kwasi Kwarteng has the Brain the size of a planet . Englands journalists are the best in the world

@alanfrost4661 4 месяца назад

Kwasi best student at The Dianne Abbott school of higher economics

@shakti2785 Год назад

And Guardian conveniently ignored that pound did well for last two days of the week 😃

@raymondelf7520 Год назад

2 million hungry people marching on Downing street will bring positive changes

@bardansharma2377 Год назад

Rishi Sunak had exactly warned against these policies.

@paulwild4330 Год назад

We’d be saying nasty things either way. If he had or hadn’t done something. This place is full of warnings and negatives it’s become a sickness of the inepternet

@jojojam6012 Год назад

Cream rises to the top, but the drops that trickle down are sour.

@lw1zfog Год назад

how did your old boss Crispin Odey do out of the deal kamikwasi ?

@davidjohn64 Год назад

They are both chanchers .. How she got to this position , horizontal promotion ??.

@americanninja6902 Год назад

When did the Conservative Party become the Coonservative Party?

@Portugal2025 Год назад

Incompétence as an art form

@jackhaggerty1066 Год назад

The Pound falling to its lowest level ever against the U.S. Dollar. Kwarteng is 'sticking to the growth plan' .

@nimzgaz7049 Год назад

Hows cutting NI tax cut which is about £1 a week for me is going to help grow the economy. Please someone explain the logic 🤣

@Stuboy Год назад

The trickle up party AKA walking contradictions "Tories"

@martinhumble Год назад

So much winning, the EU looks on jealously

@user-sw5uz2fm6f Год назад

I love to buy UK gilts!

@darthwiizius Год назад

Should be cheap right now, the BoE can't give 'em away. Literally, they've had to spend 65 billion quid to stop the pension funds collapsing for a few weeks.

@davidnichol6282 Год назад

This man's political and economic credibility is gone.

@ricericebaby69 Год назад

Who gives you extra Halifax man gone up in the world

@farleymarly2575 Год назад

Collapse the market we every one sells and they buy through the back door

@paulnewman2000 Год назад

How not to impress the IMF.

@jckytc Год назад

RIP 2022-2022

@_Richard_F___ Год назад

War is always goo for business

@_Richard_F___ Год назад

America was in deep recession before WW2. Then business boomed making war materials

@davidkarl9935 Год назад

Psalms chapter 2

@federalauditsabatordetecte8607 Год назад

1:08

@timetochange724 Год назад

Who voted for this?

@bardansharma2377 Год назад

Rishi Sunak had exactly warned against such interventions

@likklej8 Год назад

How about Free Julian Assange oh nest of hypocrites

@youtubecensorsyouropinions6638 Год назад

The UK economy GREW this month by 0.2%, so we're NOT IN RECESSION like the Bank of England predicted. Also the Pound is rising back fast.

@csharpe5787 Год назад

Well if you call raising back fast to where it was in first place, before they open their mouth. it's not really that impressive is it. At what price, a huge loss in the countries credibility and being propped up by the BOE. I'd like better from our government!!!

@darthwiizius Год назад

It's measured in quarters you half wit. The UK economy shrank over the previous quarter and if that is followed by the next quarter it's an official recession until an entire quarter of growth is recorded again.

@WisdomToAll Год назад

@@darthwiizius nope 🙅‍♀️

@WisdomToAll Год назад

Yeap

@darthwiizius Год назад

@@WisdomToAll You really are daft aren't you, the technical definition of a recession is 2 consecutive quarters of contraction, it's not a debate. I suggest you walk away, I think your mummy is calling you.