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  • I listened to a series of Robert Peston’s the rest is money (I’ll find a link shortly) on the mini budget. If anyone can listen, understand and explain it to me in simple terms I’d be very grateful, but from memory the gist seemed to be that there were “pools” of invested money that were specifically fucked by the mini budget, and that no one had told truss & Kwarteng about, because no one (eg BoE) understood them either.

    This is part 1 of 5

  • simply taking the yield from the bonds they already held (the value of which would have increased

    The problem (or one of them anyway) was that the value of existing gilts decreased, I think?

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