Aftermath of Labour's Autumn Budget in financial markets, Sky's Ed Conway explains

[@schmitz4206]

I miss the early 2000s we had it all

[@tracysmith-yv5lt]

no worries and good everything now its zero everything for tax payers

[@jt5765]

Apart from private pension schemes that were absolutely destroyed by Blair & Brown. And all the UKs gold sold at rock bottom prices 🤦

[@fredmercury1314]

The 90s was the best time.

[@suecharnock9369]

no - best time was mid 80's

[@shponger-q7o]

even a total eclipse ..... of the heart. together we can make it to the end of the line...ohh

[@djalexvi]

When Banks will give back what government lend them back in 2008 ? 😂

[@TheCam920]

@@djalexvi When the wall street investors responsible for the global financial crisis go to jail :)

[@vannustube]

2017 (excluding RBS, where there is about £23bn outstanding)

[@DavidThomas-fb8bq]

So long as they get their bonuses.

[@Masterxling]

very soon

[@comradeblyat25]

So can someone explain why we don't cut foreign aid before we raise taxes on people already struggling?

[@MIEJ4]

Because we make a profit on foreign ‘aid’.

[@TheCam920]

@@comradeblyat25 People who are privileged enough to pay capital gains tax are not struggling

[@cmmgray]

@@TheCam920still gov stealing our money

[@mrwabbit9576]

Because our government are globalist stooges.

[@TheManball]

Well foreign aid accounts for about 0.5% of the total budget. So like giving out a fiver out of a thousand pounds pay check

[@eM7RON]

I think we need to appreciate who owns Sky and what their motives are.

[@asianskywalker]

That'll be the zionist Rupert murdoch.

[@notjustforhackers4252]

Will the media attack Labour in the same way they attacked Truss?

[@jackdubz4247]

Truss got off lightly.

[@TheCam920]

@@notjustforhackers4252 No because unlike Truss, debt isn't being used to cover day-to-day running costs in order to fund corporate tax breaks. The free market utterly and absolutely rejected truss, while this is merely a normal response. Classic libertarian illiteracy

[@richardburns1287]

Media attack Truss? Traditionally a Labour government is always closely examined, attacked and ridiculed more than a Tory one by the media.

[@TheCam920]

@@richardburns1287 Need I bring up the corbyn head-tilt angle controversy?

[@richardburns1287]

@TheCam920 exactly absolutely hammered and not even in office! Think of Tony Blairs time, it was constant, then think of Johnsons time and the circus of the last 14 years. Now look at Starmer, the most hated and vilified man on the planet. A labour administration is always hammered by the press more than a Tory one.

[@user-bu9nb8wr6e]

So she puts up NI and minimum wage. Watch out for inflation as supermarkets are not going to soak that up.

[@TheCam920]

@@user-bu9nb8wr6e We're set to be experiencing fiscal drag due to the income tax thresholds being frozen, which causes a drop in demand, which causes deflation in the market.

[@JackKing12.]

Nope...the common people will be soaking it up...

[@samscopeproductionz]

That’s on them being greedy.

[@mrmrgaming]

Smaller businesses will not be able to pay their wages.

[@yanboa]

@@mrmrgaming oh please.

[@gregcurlewis8751]

Everyone’s better off until they pay NI. So no one who works is better off.

[@shaun819]

Well companies could reduce their profits to absorb the National Insurance increase, but they'd rather increase costs for customers and reduce wages for workers. Labour could unveil great policies, but if it depends on companies being altruistic, then the lay man won't see any benefit.

[@tomm2036]

But it’s employers not employes who they lowered income tax they didn’t raise national insurance

[@Contentibus]

@@tomm2036they raised employer NIC not employee contributions. The end result will be lay offs, stagnant wages and further reluctance to hire new staff. So the already understaffed departments will feel the pain even more now.

[@FreaksSpeaks]

​@@shaun819show them how it's done, easy talking.

[@FallenPhoenix86]

​@@Contentibus We've had stagnant wages for the better part of 20 years... we're not going to notice any effect this budget may or may not have on that particular front.

[@TheCam920]

The stock market is literally just about emotions. Uncertainty breeds fear and leads bad and inexperienced investors to panic. It will settle down within weeks if not days

[@TomTomicMic]

UK PLC is in more debt, we must cut spending and "we" know where, the majority that is not the bloody Labour Party!?!

[@TheCam920]

@@TomTomicMic National and corporate debt is not a bad thing and works entirely different to how it works on an individual level. Many companies and nations have a vested interest in our success, otherwise they don't get their billions back from us.

[@hilarymiseroy]

Stocks and shares will settle down but the Bond Market is a little different. They are sending a signal that they have doubts about Reeves financial planning.

[@TheCam920]

@@hilarymiseroy And once the dust settles, they will go straight back to buying our bonds like they always have

[@Godsavethecrumpets]

this is financially illiterate.

[@mellymoo_eats]

Borrowing more money for that black hole 🕳 😂 Bloody jokers!

[@TheCam920]

So then buy the bonds yourself idiot

[@johnagar7610]

No more than usual. The world got out of the great depression by increasing public spending. Your view is simplistic and narrow. Comparing government borrowing to thT of a household is ridiculous

[@glennlilley8608]

A self-imposed black hole no less

[@91Durktheturk]

​@@johnagar7610This is utterly and ahistorical crap.

[@glennlilley8608]

@johnagar7610 The borrowing to combat the great depression was to fund an upcoming world war Now, Who's being simplistic?

[@simonmenzies3142]

Labour are clueless

[@bailzzzzzz]

How about some credit for Ed Conway for that superb presentation. I'm not sure it's possible to explain complex forecasts and market reaction any clearer or more concisely to the average viewer than he managed in that 5 minute segment, that was great stuff no messing around

[@williamthompson4389]

Time to give up! My Grandmother taught me to NEVER vote for a Labour Government. She was far more intelligent than most. I have always followed her advice thank goodness!

[@mclaconic7974]

Yes mate! Last 14 years have been amazing with the tories. Get this labour lot out and let’s get the rightful heirs to the country back in. Tory rule forever!

[@vegasmike]

Labour is just doing what they did before. Digging a hole. 😮

[@siffegy]

Just like our previous government have been for the last 14 years or whatever it was

[@spaycehoppa]

The tories dug the hole for 14 years!!!!

[@mattg5878]

Markets don’t like uncertainty. A new budget and fiscal approach is uncertainty. Will recover over the next couple of weeks

[@jamietherooster]

Unless the establishment force the markets to get worse. Eg Lizz Truss. Funny how it's all 'let's just wait and see' when it's liebour

[@TomTomicMic]

Markets might but we are on the hook for more debt!?!

[@TheCam920]

@@jamietherooster Liz Truss didn't force the market to do anything. Her budget ended up being shredded by numerous financial institutions (rightfully so) and that caused investors to sell in order to mitigate losses.

[@stringer-ik1pc]

Remember the note the last labour Chancellor left for the Tories 'Theres no money left '😂

[@TheCam920]

@@stringer-ik1pc Remember when we had like 3 conservative PMs in a single year because they kept crashing the economy?

[@DTronicsUK]

remember the note the tories left in 1964 for labour

[@DarrenSaw]

@@DTronicsUK Remember the note labour left in 1979?

[@chrismoore7700]

Diiiiiiiidn't we get conned out of £37 billion on track and trace and haven't we lost around £140 billion thanks to Brexit?

[@meglobob9217]

This is classic tax & spend isn't it, which usually never ends well. The UK is up to its eyeballs in debt, so no surprise the markets are uneasy about increasing the debt. Also, there is literally no wiggle room, we after hope no crisis comes along for at least 5 yrs.

[@Wordbavk]

Same thing the democrats are doing in 🇺🇸

[@glennlilley8608]

After hope? Not have to hope, then?

[@TheCam920]

@@meglobob9217 Me when I have no idea how debt works at a corporate and national level

[@liam-james]

The UK is up to its eyeballs in debt that’s why they change how they measure debt so they could borrow more 🤦 it’s like a crack addict convincing themselves buying larger amounts of crack will shake the addiction.

[@TheCam920]

@@liam-james That's not how it works at all 😂😂😂

[@themightydash1714]

When will the government realise that employers are not the enemy. If business owners cant make money, they close, we lose our jobs.

[@cnrspiller3549]

Why do my comments disappear instantly?

[@DosGamerMan]

Sly news at it again.

[@shponger-q7o]

Bond yields going up = some wealthy people pressing on the scales, not loving crackdown on foreign wealth, capital gains, and private jets. They'll be working all the big tech algos to get their message across.

[@TheCam920]

@@shponger-q7o They can do what they like, but at the end of the day all of their assets are tied to the UK and they won't spoil their billions over a bit of extra tax.

[@benjamingriffith4991]

Great reporting sky

[@Pironi28]

I am no fan of Sky but this is balanced and objective analysis!

[@TheFrenchMansControl]

Borrowing uo, taxes up, where's it all going?

[@oldskoolraver72]

NHS and illegal immigrants

[@TheCam920]

@@oldskoolraver72 Good, both of these issues desperately need investment.

[@antonyetheridge1050]

south

[@yeahokno]

Bike lanes and hookers

[@artapples8417]

Filling the hole your Tories left

[@sc5203]

Markets will recover as they always do. This is not a mini budget. This is serious government. They did what I wanted them to do which was invest in the state. I feared during the election that they wouldn’t and we’d be stuck with the same failed Tory economics. Credit to labour. Hopeful!

[@bradleylangston8592]

Definitely Kier starmer on his burner account

[@pharmacistweb3947]

And, give 3 billion pounds a year to Ukraine when our nhs is in deep trouble

[@TheCam920]

@@pharmacistweb3947 3 billion is virtually nothing. Not even a percent of a percent of the UK economy.

[@Who-rx5ky]

@@TheCam920 Money is money and it could have been better used at home instead of funding a war in Eastern Europe.

[@topfuelteddy]

​@@TheCam920If it's nothing spend it here then .

[@ZephyrCrypto]

@@TheCam920Virtually nothing 😂 Yea right!! Is that why Reeves favourite line is ‘the 20 billion black hole!!’. We shouldn’t sending any money abroad. We’ve done it all my life and what do we get, ‘U.K. is the most racist place on earth, white man bad, give us reparations!!’ Sick of it, time to look after our own country. Repatriations!!

[@TheCam920]

@@topfuelteddy How are we supposed to spend a missile exactly? Ukraine doesn't receive money, they receive that value in our surplus.

[@peterrichard9769]

It's a disadvantage because more taxes less wages.

[@bobmason1361]

Feeding Ukraine war though.

[@bigben8272]

Stop the net zero madness and we can start walking this back.

[@hdog1180]

Reverse Brexshite

[@MIEJ4]

There’s a huge amount of money to be made with net zero. It is madness to miss out on that.

[@samzsports]

Send more money to Ukraine. War mongers has disrupted supply of grains, fertilizers, energy and raw metals. Everybody has to face consequences in years to come. People in EU and UK are most vulnerable.

[@LivingLifeSlower]

The markets and their connections within government are the reason we're in this mess.

[@davidgermain]

full set of strikes by next summer,

[@jackdubz4247]

Couldn't be any worse than it was under the Tories.

[@TheCam920]

@@davidgermain Unions members, notoriously angry about paying capital gains tax and their myriad investments not returning as much as usual.

[@elriano1]

@@jackdubz4247 We can't continue to view things as Labour vs. Tory. They're both as bad as each other because they're controlled by the same set of globalist donors. Until we break out of the two-party system things will continue to get worse.

[@mattp7136]

Whatever happened, as the A team for corruption, insider trading and backing against the the country's prosperity have been replaced, there was always going to be market manipulation to feign discontent, where in reality very little has changed, price gouging the population will continue and profits will continue to flow.

[@TheCam920]

People are so desperate for *something* bad to happen, but nothing ever changes and the line will march upwards until the end of capitalism

[@willduffay2207]

What about Brexit? That's worth tens of billions of missed trade.

[@jackdubz4247]

Shush! We don't talk about the Tories' Brexit disaster.

[@TheCam920]

@@willduffay2207 And if the bronze one gets in and keeps his word on tariffs we are done for

[@LC-cd1yt]

"Rachel Reeves thinking" 😂😂 Is labour buying an island??

[@andrewjackson2811]

These headlines would be so different if it was the conservatives budget 😂

[@infrasleep]

Why ?

[@marcusclarke5628]

​@@infrasleep The media attack the Tories

[@TheCam920]

@@infrasleep Because conservatives have no idea how budgets work

[@MIEJ4]

@@marcusclarke5628LOL good one 🤣🤣🤣🤣🤣🤣🤣🤣🤦🏻‍♂️

[@evolassunglasses4673]

Late stage Usury.

[@jankoszuta9835]

This makes no sense. No employee is paying more NI

[@ashw6015]

No but increasing employer NI artificially increases the cost of labour so it will apply downward pressure to salaries.

[@FreaksSpeaks]

Someone is paying

[@TheCam920]

@@ashw6015 Not gonna be an issue for those who unionised

[@chilliboy99]

​@TheCam920 how does unionisation help? Im genuinely interested

[@TheManball]

@@chilliboy99unions have better negotiating power due to their numbers to fend off corporate from lowering wages. They can threaten to go on strike to cause more financial pain compared to the increased cost of labour caused by the employer ni increase

[@coventrypunx1014]

Hopefully 2 Tier , 3 Gear starmer gets plenty of Credit for making the Legal u.K citizens an absolute misery

[@moonie-zw5by]

It's not the best of budgets.

[@Hanz_Moleman]

The real big news story is WHO IS THAT BLONDE BOMBSHELL?!

[@anonymouscommenter111]

Our dept is trillions..and interest is £5000 every second imagine that...

[@xXIcariaXx]

Good things the markets dont control government policy then...

[@hellsong23]

It's about time businesses started to contribute more. Workers have suffered what with austerity, redundancies etc. Well done Labour. Bout time we started to get our country back.

[@monikaszafranek5611]

Market this. Market that. Can we just acknowledge that the market is just a bunch of dudes' with a fuckton of money opinion?

[@sirrathersplendid4825]

Sure, but dudes who spend their whole day analysing such things. They’re not dumb.

[@jamieevans5979]

Well said 👏🏻

[@TheCam920]

@@sirrathersplendid4825 The market is based entirely on how people "feel" it's incredibly stupid. Only non-investors and insecure people think there's any intelligence involved

[@des_smith7658]

It's just a keyboard not a market

[@davidjupp961]

Shut up Conway, shut up sky

[@CharlieHarper-d4x]

Same old labour , back to the 70s socialist economy.

[@tracysmith-yv5lt]

buy candles

[@pgtipz7468]

Yeah I remember the 3 day weeks the tories brought and the Barber ‘Boom’.

[@CharlieHarper-d4x]

@@pgtipz7468 trying to deal with the socialist policies labour had introduced. It's always the conservatives having to clean up after labour.

[@Yusuf-fm2if]

@@CharlieHarper-d4xhillarious 😂😂😂😂😂😂😂😂

[@TheCam920]

@@CharlieHarper-d4x Yep, time to scrap the winter fuel allowance entirely. It's one of their more communistic policies after all.

[@jeffcyho]

Once again, Labour will borrow, borrow, spend spend and tax tax

[@leonard8766]

Erm isn't that what every government does 😅 globally!

[@leor7870]

They do not borrow they invest

[@marleneboycie4004]

No surprise 😢

[@brainrot4919]

Only the money they borrow and spend won't be used to benefit the taxpayer, as it historically has under labour.

[@spaycehoppa]

At least Labour borrow to help the country. The tories borrow to give billions to their friends and family

[@nicancelin3714]

Pales in comparison to Truss

[@DavidJames-p9f]

But heading that way as the video explains.

[@BaldmanB]

There's a lovely video of a man talking about democracy how democracy is for the people, by the people, but the people are.....

[@magnuswalker7957]

Oh to be a train driver earning £70k per annum instead of a 77 year pensioner with a terminal illness.

[@jamesarnold7253]

A 77 year old pensioner has lived through economic times that people my age could only dream of

[@dddgtsd]

@@jamesarnold7253 yes Jimmy lad

[@brainrot4919]

​@@jamesarnold7253That they worked hard to prop up. It's not their fault that globalists hijacked the prosperity they helped create, while we look after illegal immigrants and refugees better than we do our elderly because the elderly don't provide cheap labour for the elites. Being bitter towards average oaps is just sad, the globalist elite that Starmer answers to are the real cause of all these problems.

[@ANGELROB_YT]

It depends if this nukes the economy in over way interest rates and mogs

[@carmellewislapthorn1802]

Horrendous to now take our personal pensions into our estate on death and have to pay inheritance tax.

[@JayHomes-h7c]

Blair’s Britain

[@magnuswalker7957]

And that was a disaster 😢

[@harrymorton6872]

what has this got to do with Blair?

[@ZephyrCrypto]

@@harrymorton6872You’re joking, right?!

[@advocate1563]

Bond vigilantes are circling. She has absolutely NO room for manoeuvre. .

[@GregJackson-d6y]

I thought I’d walk into the bank today and they’d be throwing credit at me like they did the last time labour were in

[@RK-fr4qf]

The answer is always a biscuit

[@MarmaLloyd]

I don't even have a good job and thinking of leaving. There is no future here

[@MIEJ4]

Cheerio!

[@simonbird1973]

Labour + economics = car crash

[@stephenbrown4211]

Car crash??? More like a motorway pile up

[@halcalaquende9952]

As opposed to the tories and great pm's like liz truss who grew the economy tremendously without any mistakes

[@MCDONALD6969]

​@@halcalaquende9952the graph has just shown we'll be worse off under this budget than under the Tories.

[@MCDONALD6969]

Labour are just awful & anyone who voted them in deserves to be poorer.

[@davidjupp961]

​@@MCDONALD6969absolute bollocks

[@billkosses3808]

I don't remember the markets standing in the election though eh

[@suecharnock9369]

ha - and they slated Liz Truss for her budget!! This is far, far, far worse.

[@asher8464]

The Truss budget cost UK pension funds £0.5TN in a week, due to collateral calls on LDI investments! The market reaction was far worse.

[@Ch1pp007]

It really isn't. Liz Truss could have collapsed the whole economy if the Bank of England hadn't stepped in to stop the gilts going mental. This budget will only really hit farmers and some large employers. We have one of Europe's lowest corporation tax rates though so an additional 1.2% of NI +£40 per person per year should be survivable.

[@johnagar7610]

There are no facts to your arguments or figures. Hers was monumentally worse.

[@shahedali02]

Facts and figures to back your claims up?

[@TheCam920]

@@suecharnock9369 The line goes down one millimetre for one day and trussites come out of the woodworks again to praise their discount thatcher. Back to your gooncave

[@Luppy-v8f]

Wasting money on Ukraine is madness.

[@des_smith7658]

It's a sunk cost investment

[@TheCam920]

@@des_smith7658 More like it's a drop in the pond. £3bn is barely a fraction of our wealth

[@des_smith7658]

@@TheCam920 well it sounds like a lot of money

[@broaderdiscussion]

What a surprise, people who make money off others for doing next to nothing are upset that people who really work, will see something for their efforts, NHS etc Peace

[@michaelhughes6634]

To be honest as a 23 I’m annoyed at the increases in taxes going to the NHS, which will be aimed at helping elderly people more than young. I’m very glad the blood scandal and the post office scandal are finally being paid and can be put behind us. With the victims can be left to deal with the consequences rather than the bill of the illnesses. I’m annoyed this bill was not paid earlier with liz truss because compensation has increased for the last 10 years and could of saved billions.

[@marvinyo5]

More zero hour contracts and self employment positions to the staff they don't want to pay N.I. for

[@bmac3093]

It not borrowing as the public understands it though is it Tell me who is the govt /BofE borrowing from ? The govt could cut debt interest to zero by cutting base rate to zero

[@JOzzie-u8z]

So labour used to have a go at the tories amd liz truss and they are going to do the same but worse were in big trouble

[@Ryan4326]

lol compared to the mini budget looks like a drop in the ocean, lizz truss was that bad

[@kaishaifta7758]

In 24 hours the market is gonna crash! Come on stop with the propaganda

[@PhillCurtis]

Financial markets will always take an opportunity to make a profit from moments like this, volatility helps them make money?

[@hamza123825]

i made bank

[@TheCam920]

Nothing ever happens, the market will be fine

[@HarryGood-j3v]

Can someone tell the Sky hacks Rigby Coates Ridge and Burley a wealth was not introduced they can relax

[@supreme_overlord]

There is no wealth left in communist UK. All the wealthy abandoned the sinking ship a while ago!

[@jamiebrind1642]

Liebour at it again

[@martinwest7250]

Yep sure is liebours fault the tories crashed the economy. The markets acted so positively when the tories budget was revealed, oh no my mistake instant recession.

[@gm006b4]

Hmmmmmm, nothing to see here. Yes an initial hit to correct some of the biggest blunders of the last lot then ease off and let the economy stabilise

[@georgehart7388]

Pft your deluded

[@TheCam920]

@@georgehart7388 Never invest, you'd be terrible at it.

[@TerryJamesCole]

When do they ever ease off

[@Thetruthwillsetyoufreee]

Take me back to the year 2000

[@judyhopps9380]

1995 seems good about now

[@Sean-dh9ev]

Higher taxes. Have 5minutes back 👍

[@ML-or2ot]

Why do we need to borrow at all ?

[@TheCam920]

@@ML-or2ot Borrowing is necessary to raise funds for public investments. Governments issue bonds, bonds can be bought by basically anyone, many people such as myself own bonds, and when the bonds mature the money is paid back to the buyer with interest. At a national level, debt can be a good thing because it means that other powerful parties have our best interests in mind, because they need to make sure they get their money back

[@markjones1337]

Imagine being a journalist covering finance and NOT knowing where money comes from........oh yeah, just like the rest of the population. Where does money come from? Go on, be brave and try to answer this very very very simple question.

[@caz3107]

Interest rates will go up soon that's for defiant. maybe everyone who has a mortgage or a loan from a Bank with worry in the near future?. Some one has to pay for the borrowing the government is doing. And as for employers national insurance going up, this will have to be paid with jobs employers will also defiantly cut jobs. Some companies will now move abroad also more jobs gone. Those that don't think any of this will happen then just wait till next year. The pound is already going down considerable interest rates will go up.

[@samscopeproductionz]

Money is being invested for returning assets. The markets and the wealthy may complain now, but they’ll be happily cashing in the cheques in a few years.

[@maddrivers1018]

Maybe it's for a lot more hotels still a lot to come over from EU

[@GraceEisele]

I'm favoured only God knows how much I praise Him, $230k every 4weeks! I now have a big mansion and can now afford anything and also support God’s work and the church.

[@FernabdoCassidy]

Only God knows how much grateful i am. After so much struggles I now own a new house and my family is happy once again everything is finally falling into place!!

[@ShirleysCruquer]

I'm 37 and have been looking for ways to be successful, please how??

[@FernabdoCassidy]

I earn from investing in the digital market with the guidance of (Ms. Evelyn Vera) Brokerage services. I remember giving her my first saved up $20000 and she opened a brokerage account with it for me, it turned out to be the best thing that ever happened to me.

[@JuliethNgom]

Hy, How can I reach her directly please???

[@GraceEisele]

I will leave her info below this comment.

[@ukdnbmarsh]

''borrow'' it will never be paid back, why are we borrowing and who is lending the money?

[@parkandharbourcomedy]

Borrow from everyone. Pay back, inflation

[@jankoszuta9835]

Government borrowing= someone's savings so why the worry? The headline could also be phrased as investments in government go up

[@strawz_gaming]

I am sick and tired of my hard earned money going to fill the hole that social benefits scroungers caused. No enough is enough. Make everyone work.

[@TheCam920]

@@strawz_gaming Then start with the hundred of billions in corporate subsidies and welfare payments to the royal family

[@Davman316]

The rich got richer during the fourteen years that the Tories were in charge. That is where our money went!

[@1SeanPG]

Somebody give her a cheeseburger.

[@peterrichard9769]

Bearish and bullish.

[@fredmercury1314]

*_What's that? The budget caused panic in the markets? I presume the PM and Chancellor will be drummed out of office? Or doers that only happen when Tories suggest tax breaks the central banks didn't agree to?_*

[@adamcaldwell5646]

It happens when those tax breaks are entirely unfunded.

[@TheCam920]

@@fredmercury1314 Hello, liz truss here, please buy bonds so that Waitrose doesn't have to pay tax 🥺🥺🥺

[@harrylong2796]

"rich people don't like the taxes targeted at rich people"

[@mart34]

Last time Labour were in power, it ended with the great financial crises. My bet is this time it'll be a government debt crises thanks to Reeves or an energy crises thanks to Ed Milliband. An energy crises would result in a debt crises, given how fragile our finances are. Exciting times ahead! 😂

[@Garfie489]

After 10 years of extremely strong growth, and only ending due to a crisis Labour was not actually responsible for or could have policed against. It was a US crisis, but other countries felt the effect as well.

[@jackdubz4247]

That had nothing to do with Labour. That was the subprime mortgage market in the USA.

[@Superfoodcookie]

Lol 2008 wasn't labour focused. It was globally focused every single stock market dropped. Go check Nasdaq etc American stocks they all dropped.

[@TheCam920]

@@mart34 How is that labour's fault, the GFC was literally caused by wall street investors hedging bets against the banks. The entire world suffered for that

[@MH-kc8pq]

This is misleading

[@MrPitzey]

Deluded labour government. Get labour out

[@simondalton-vr9vw]

No they arent this is an utter lie a disgrace ban this channel

[@Nathanhiggerz]

The budget and thos government are awful. But the market didn't tank for that, the market is rigged. The market will tank tomo on non farms pay rolls in America too then rise on monday

[@beevortron]

Rule one don’t put women in charge of anything

[@sirrathersplendid4825]

Aww, but Angela is such a gawky sweetie! Bless👯‍♀️👯‍♀️👯‍♀️

[@TheCam920]

Rule two, don't cry when the market is doing normal market things and then blame women

[@Pironi28]

Thatcher was pretty good though !

[@peterluff7422]

If Ed Conway is on the scene, guaranteed doom and gloom. Delivering awful news since 2008

[@Pironi28]

He is better than the idiot on the BBC !

[@j.j.911]

I hope the woman on the right is okay. So thin.

[@stephennewby5060]

Labour overspending already......😢

[@gerrys1]

Very good breakdown of a topic most people won't quite. Worth nothing the gilt yield issue with the mini budget was because of a technical requirement from some defined pensions causing a sell off, surely, as a neophyte in the field, this means teh technical requirements were based on poor logic

[@DonTriggz]

Communists…..

[@8BitJesus]

They can't be red tories and communists at the same time!

[@killafx4726]

I wish.

[@DonTriggz]

They are communists

[@CorporationOfSouls]

Labour has always operated like gangstas.

[@burn_burn_satellite75]

@@DonTriggzI didn’t know there was unlimited WiFi in the gulag.

[@peterHales-p9v]

Starmer OUT

[@burn_burn_satellite75]

Brexit OUT

[@MIEJ4]

Vote him out in 4-5 years. Welcome to democracy.

[@brainrot4919]

​@@MIEJ4Four to five years? Don't think they have democracy under sharia law pal.

[@roberttodd2414]

for heavens sake go!

[@Joe_Payne]

Tldr. Spending is going up + good things money is being spent on is going up = we are spending money so more good things can happen. Sounds good to me.

[@tracysmith-yv5lt]

printing money happened in the 1920s look what happened then we will have to wait and find out .

[@CorporationOfSouls]

Sober up.

[@Theworstgamer13]

@@tracysmith-yv5ltnot a comparable situation

[@Wordbavk]

Oh yeah sounds good, wait for the inflation!

[@Theworstgamer13]

@ a minor uptick in borrowing is not the same as over supply of money. There’s a big difference between a modern Fiat currency and the old gold backed Deutschmark

[@thejoshandcharles1]

We are fucked, we are fucked, we are very very fucked. In conclusion. We are in a very bad place.

[@TheCam920]

@@thejoshandcharles1 We are regardless of the economy lmao.