The pound slumped in value by 1.6% against the dollar to $1.05 on Wednesday morning, while lenders withdrew about a quarter of mortgage products overnight as they grappled with the prospect of further rises in interest rates.
Ms Sturgeon told a committee of senior MSPs at Holyrood that the Bank of England's intervention was "extraordinary" and showed that the UK was in the "grip of a rapidly deteriorating economic crisis". The first minister called for immediate action to be taken, and for MPs to return early to the Parliament from recess.
Mr Kwarteng announced in last week's mini-budget that the basic rate of income tax will be cut from 20% to 19% from April of next year.
Doesn't feel as bad as when Thatcher was in power.
And the politicians had nothing to do with it at all.
No she obviously has no idea what about the 70s everyone survived
When you people in UK will realise that Brexit is the culprit. Is never a good idea to stay alone in European continent with a EU alliance, nobody in EU will trade or buy from you UK, you are to expensive your trade and tax agreements are gone, this is the result, crisis.
At least , British are wrecking their own nation for change,lovely site to behold. Nation of mutt owing twats.
And we all know just how short her memory is.
She would know!
Fitting
Why does she insist on trying to trump it then?
Yep and the Toxicity of the SNP party is the worst in memory. Especially there Greedy leader that cannot get on with her job , without referendum in every other sentence.
But the Royals got billions
MahsaAmini OpIran
Now now, how are the Caledonian true ledger balances ?
Agreed, and you helped cause it.
Well she shouldn't have supported destroying it during the scamdemic then should she?
Seeing she has the memory of a goldfish that’s not hard.
She would be an excellent PM
Nicola Sturgeon makes a statement of the bleeding obvious. What she doesn't say is what to do about it.
She is known for having a short memory
That’s helpful
What 'memory' ? Sturgeon has so many problems with her memory, she's already forgotten what she said.
She's got no room to talk
Ask her why and how much money was spent pushing vaccine and lockdown, how many businesses failed. Clearly only massive companies matter. Please share this video
Ted Heath, Mark II (with bells on).
Even though I don’t like the woman she does have a point
Not the worst in my memory.
She’s part of it with the lockdowns
I don’t think we need the Scottish first minister to tell us that, ask any passing five years old, 15 years of Tory nonsense economy EconomyCrisis
She can't even get a couple of boats built.....
👇👇👇
She’s right! It’s about time the U.K. woke up to fact that Tories are shot with money!!! All they do is sell off our assets and line their own and their mates pockets!!! ToryCriminalsUnfitToGovern
Not around in the 70’s or 80’s then🤦🏼♀️
She finally remembers something?
Her memory isn't very big...but we knew that. It was worse in 2008.
How can she comment when her sole purpose in life is to undermine the UK at every opportunity Away from the cameras she must be celebrating with her cohorts “But where Mrs Thatcher divided society, I want to do the opposite” Sturgeon, November 2014
What’s fuckin crisis ?
I suggest that she hold the referendum as soon as possible if she wants to see a better Scotland.
So why does she look so happy?
🍾 economy is just fine
baronitaigas It turns out that locking people down, shutting down the economy and printing a kajillion pounds was a bad idea.
Where is lizz truss today? Anyone seen her? And that bafoon chancellor
Congrats on a new PM, same tired old policies
I'd say her memory must be fairly short.
'Officials inside the US Treasury Department are concerned at the volatility in financial markets and potential spillovers to the broader economy, and are working through the IMF to apply pressure on Truss’s government, according to people familiar with the matter' (Bloomberg)
'The Biden administration is alarmed over the market turmoil triggered by the new UK government’s economic program and is seeking ways to encourage Prime Minister Liz Truss’s team to dial back its dramatic tax cuts.' (Bloomberg)
🤔 Then Nicola’s memory is not very good! 🙂
Just like nhs scotland but you won't want to talk about that people's appointments getting cancelled with the bottom of the letters informing patients that they might get better or worse .
Words fail me
Short memory or telling fibs.
Ahh a Numpty speaks
Ah the hypocrisy from the cult leader
Perhaps Sturgeon should focus on her own failings!!! Whit a brass neck that Wummin has!!
Need euro for our currency and all will be well!!!!
It she has no memory of important things. Like Ferries
She's not noted for her good memory though is she.
Always seem the worse something. Still can't win though.
I think Nicola is being nice to the Tories. We are in Shitsville and have been since the banks collapsed. Unionist are terrified us Scots are going to say, 'Enough! We're out of here. What would the UK do for cash then? Hopefully most Scots are as sucunered as me. Time to go. Xx
Fact!
not in mine
You did everything to save the USA economy
Convenient distraction from her disasters in Scotland this week including one ferry not being ready to 2024 now 😂😂😂
Says the woman who cannot control get small budget
The master of disaster would know..
Thanks Captain Obvious 🙄
She’s not wrong
No comment on the pound rising I see from the doom mongering BBC.
So we're blaming Russia's invasion of Ukraine and the aftermath of Covid for our current state...buy we aren't the only country affected by these things so why are we so in the shit compared to everywhere else? 🤔
Sturgeon is a busted flush. Living on borrowed time, and grasping at straws. Clown.
Sturgeon playing politics. Pathetic
🤡
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