Wizard of Alt

The arrogance of Labour Treasury ministers on full display. An inexperienced PPE graduate who has never run a business in his life thinks he knows better than the CEO of a major retailer. Zero self awareness. A growing crisis of youth unemployment and they just don’t get it.

Teachers’ voting intentions. Explains a lot.

Side note. To the Labour MPs who shout “Liz Truss” whenever the economy is discussed, should note that the UK 10yr bond yield under Truss peaked at 4.7% This morning, because of Reeves’ and Starmer’s ineptitude the 10yr bond yield is 5.02% Labour crashed the economy.

🇬🇧 UK 10-year gilt yields have pushed back into the 4.7-5% danger zone, a level that capped the market from 1999-2008. A clean break above 5% would signal a new rate regime: higher debt-service costs for the Treasury, mortgage fixes above 6%, renewed LDI stress and fresh volatility for sterling. Watch this level closely. Can the UK come back from this or has Kier Starmer sank the kingdom?

Kier Starmer and Rachel Reeves have in fact sank the kingdom. Massive push up on investor fears that even more stupid policies could be pushed by idiots in waiting Burnham, Rayner and Miliband. This is a grave warning for the UK government

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