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  • Pushing the Financial Statement beyond the next Bank of England Monetary Policy committee meeting. Any rise in interest rates will be a further measure of the MRP, Moron Risk Premium, devised by the Financial Times to measure the efficacy of the Truss/Kwarteng experiment.

  • Moron Risk Premium

    The problem with markets is that they aren't ideological and they have short memories. The MRP (as measured by the Gilt-BTP spread) is now negative and within historical norms (as measured by the Gilt-Bund spread).

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