The fall of the Tory party

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andyfallsoff in reply to @andyp

As I understand it, there was a spike caused by the mini budget but there was also a shift in global interest rates. So she made things worse, but the idea we'd still be on rock bottom interest rates without her is not really supportable - she just accelerated the shift to the new higher rates that would have happened anyway

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christianSpaceman in reply to @andyfallsoff

People at work said this to me - that it was going to happen anyway and her individual effect was short lived. I don't know if this is true (I'd have to seek out UK IR plotted next to other European ones I guess to assess). If anyone happens to have those plots I'd be interested...

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andyfallsoff in reply to @christianSpaceman

I think you can tell by looking at graphs of interest rates for any other major economy - e.g. US rates went up at a similar time, same shows in a graph of any other country I've tried to Google (France, Sweden, us so far)

Edit: Fred's graph shows this pretty neatly

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