A clipboard? Whatever for?
They put their money where their mouth is… by refusing - in a most remarkable way, I say - to fund the “believe in Britain” campaign of Frost, Kwarteng, Rees Mogg, Farage and other Brexit luminaries mere weeks ago.
And here I thought the market was reacting to the mini budget policy and policy change. Not sure where the “believe in Britain” campaign comes from as Brexit has been delivered didn’t know we were still campaigning to leave
Indeed. Or put more simply, it reacted to the policies loudly cheered on by Brexiteers. Admittedly forgot Minford, one of the many cheerleaders and/or architects of that policy. (Along with JRM, Frost, Farage etc). Amusing how one could predict who supported these policies based on how they voted during the referendum, no?
And it responded very well when the Remainer establishment (Hunt, BoE, OBR) took control and rolled back those policies. There’s a reason Brexiteers like Briefings for Britain are bemoaning these changes:
“This was the economic policy that supporters of Brexit had wanted since the UK left the European Union. However, the Remainer elite both at home and abroad was determined that Brexit would not be a success and has done everything in its power to trash it.”https://www.briefingsforbritain.co.uk/t ... ory-party/
The truth, as always, is in eating the pudding. Even Truss name-checked remainers (or “Brexit deniers”) as opponents of her policy. Why bring up Brexit at all?
To paraphrase a popular quote: “international markets, dear boy, international markets.” It’s always been the most efficient way of gauging what the world thinks of you and what you’re selling.
Don’t believe FDI has actully stopped has it?
Didn’t have to. They managed to oust a Chancellor and a PM and replace them with “grown ups” without having to resort to that.
With even some financial strategist believe that the reaction was overblown by the market
Viraj Patel, senior strategist at Vanda Research
https://www.cnbc.com/amp/2022/09/30/is- ... tdown.html
"I think some of these doomsday fears are being somewhat overblown to some extent, but I don't think anyone wants to step in right now and buy undervalued U.K. assets at this point," he said.
Is this another one of those Brexiteer quirks, where a financial analyst literally saying that the markets are avoiding undervalued British assets … is somehow interpreted as a good thing?
If anything, it shows how little confidence investors have in the UK, regardless of how cheaply they can buy UK assets.
Thing with “international markets” is that they aren’t sentient or ideological. They’re predicated on a simple desire to make money through good investments. If there was a good outcome to invest in, they’d be all over it, not looking the other way.
Two lumps of sugar please. But only from a remainer. I wouldn’t trust a Brexiteer to know the difference between sugar and salt these days. After all, they might insist it’s just a matter of “belief”.
And how many tin foil hats do you keep in the cupboard?
Only the ones I borrowed from Minford, Farage, and gang. Should return them soon, before they do even more damage to themselves and the country.
Anyway, here’s a fun piece from Sir John Curtice a week ago to chew on:
“The poll certainly finds that the gradual decline in support for staying outside the EU that has been detected in Redfield and Wilton’s polls during the course of this year has continued. After leaving aside those not expressing a view, 57% now say they would vote to join the European Union, while 43% would back staying out. That represents a three-point swing from staying out to joining since the previous poll in August – and as much as a ten-point swing since the first poll last November.“https://ukandeu.ac.uk/has-the-fiscal-cr ... ds-brexit/
If nothing else, it underlines how this mini-budget and the politics of Brexit are intertwined - at a fundamental level - even within the public mindset within the UK.