Investors see chancellor’s package as ‘irresponsible’, says former deputy governor at the Bank of England

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“Since Friday, the fiscal position has deteriorated by £20 billion a year…” Sir Charles Bean, former deputy governor at the Bank of England tells cathynewman that investors see Kwasi Kwarteng’s package as “irresponsible”.

 

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cathynewman What about the £400 billion spent on lockdown. No market reaction to that. Something is not right. We are not stupid!

cathynewman Maybe less interruption and more listening to those with the knowledge of the BOE and it's internal processes. Editors need to MAKE TIME for full and useful answers to key questions. Why else have such guests?

cathynewman There goes the 52 x £305M = £15Bish we are allegedly no longer paying to the EU!

cathynewman Not just investors! When basic numeracy is missing at the highest level, we are in for a rough ride. Fortunately, politicians are a renewable resource, even if their policies are unsustainable.

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