Comment on Liz Truss leaves stage in Beccles as 'lettuce' banner unfurls

<- View Parent
cRazi_man@lemm.ee ⁨4⁩ ⁨months⁩ ago

The tax cuts were huge (billions). She didn’t increase spending, but didn’t decrease it either; so it would leave a huge hole in government finance that would require massive government loans. The “market” freaked out. The pound and UKs credit rating plunged. The main crisis became the gilt market crisis. This itself is well explained here:

www.youtube.com/watch?v=5-FdX0djxAE

(In case you haven’t noticed, I think TLDR news make absolutely fantastic videos and would recommend checking out their videos if you are interested in high quality news).

source
Sort:hotnewtop