The fall of the Tory party

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mespilus

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.

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NickCJ in reply to @mespilus

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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mespilus in reply to @NickCJ

Tell that the home owners who either had their mortgage offers withdrawn, or found the only options as fixed periods expired were significantly more expensive.

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