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by MattPalmer1086 1355 days ago
They also avoided costing any of it, and had no analysis by the Office of Budget Responsibility. Since they called it a "fiscal event" rather than a budget.

This avoidance of accountability is a repeated pattern in British politics recently. Turns out you can bend our political system that way, but the global markets really don't appreciate that behaviour.

One economist said that Britain is now paying the Moron Risk Premium.

1 comments

yes, incredible. Now UK is waiting for OBR to conduct this analysis in November, not only classic cart-before-horse but punitively long period of uncertainty which will be sure to bleed what remaining confidence there is the UK economy