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.
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