IMF openly criticises UK government tax plans as pound plummets - BBC News

The International Monetary Fund (IMF) has openly criticised the UK government over its plan for tax cuts, warning that the measures are likely to fuel the cost-of-living crisis.
In an unusually outspoken statement, the IMF said the proposal was likely to increase inequality and add to pressures pushing up prices.
Markets have already raised alarm over the plans, sending the pound plunging.
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#Economics #Pound #BBCNews

[@sammy-the-crab4107]

I've never seen a government fail this badly so quickly, it must be a record

[@maywalker997]

The bigger problem is that we might not recover from this even after the Tories have been ousted.

[@a_nayak]

IMF and World Bank give us AID from the funds collected from countries who loot us for 200 years. I mean You colonizers give loan( which is our money for interest.) India was 1/4th of world economy. Titanic movie shows how British, Portuguese and French migrated to USA with the unthinkable amout of money and gold that they looted from mostly India and Africa.

[@MashoodSabir]

This is the first time I have seen that the IMF has openly criticized a g7 country's economic policy.

[@freddiestranger9783]

OKAY GIVE YOUR LIFE TO THE LORD JESUS CHRIST

[@thomasparkin259]

To be fair I'm not sure many G7 nations have responded to an economic crisis after 12 years of tax and public spending cuts with wildly wealthy favouring tax cuts and taking loans. Generally loans are fine if used to fuel growth. However this isn't creating infrastructure, this is just hoping rich people will invest money.

[@robertosborne7542]

@@freddiestranger9783 Wrong comment section-sky fairies elsewhere.Btw there is no god,just so you know.

[@MrPikkoz]

@@thomasparkin259 "However this isn't creating infrastructure, this is just hoping rich people will invest money" agreed and the latter part is even more shake than in the past as especially looking at the reality of brexit and teleworking.

[@MashoodSabir]

@@MrPikkoz I'm sure uk will bounce back, they are a very strong economy :D and one of the strongest in the world. I just think this was really unexpected and a massive drop in the value of the pound in such a short time,

[@djsmithe]

A government borrowing money and giving it to millionaires and billionaires is a bad thing? Who would have thought?

[@CrowTails88]

Remember the statement::: you will own nothing & B happi ,,, it’s still a Re::::Set just different puppets in charge ,, 💰💰💰 is going , getting replaced by digital 💰💰💰 every action these puppets do will have a greater reaction like when the 🏦🏦🏦 go 💥💥💥

[@Battleneter]

The UK government is not really "borrowing money" the UK Reserve Bank is printing even more money ( in the 10's of billions) and so called buying government bonds, there is no real borrowing involved, its the UK lending money to the UK. Of course this excessive money printing devalues the pound even further and pushes up inflation which is "effectively" a additional tax.

[@beewhy001]

That's exactly what Nigeria did. Who would have thought UK is the same 🤣

[@julien1]

@@Battleneter With everything privatised any 'new' money just ends up in shareholders pockets.

[@Mizzkan]

@@beewhy001 But Nigeria is awful ….

[@EliF-ge5bu]

Well Truss and Kwarteng certainly earned their place in history. Historians and economists will be talking about this disaster for centuries to come.

[@davidcedric7424]

Hello Eli. How are you doing ??!

[@gr8macaw1]

I dont understand their plan. The Sky news UK is streamed here in the US. This hair brained policy is what the US has been doing out here for decades. The rich pay no taxes trillions were given out to fraudulent corporations. We have huge amounts of homeless people sleeping in tents. The government has borrowed so much money we are about to crash. This is just a ploy to cut medicare, social services etc., then they think they can cut all benefits to the poor heavens help us out here if those corrupt politicians the republican, the tory party to you. Yes their plan is a nightmare and yes Liz it has been tried before.

[@dragon.fromindia3235]

Europe should go for their own digital currency...And save paper

[@dragon.fromindia3235]

Give away dollars and take it back gold and silver...

[@CrowTails88]

How the 🐑 forget the statement::: you will own nothing & B happi ,, it’s all part of plan to implement the digital 💰💰💰 but 1st every action needs a reaction,,,, 💥🏦💥🏦💥🏦💥 we will all live in a technological prison but keep arguing amongst yourselves 🤣🤣🤣🐑🐑🐑

[@joefreeman3772]

You know you're bad when the IMF criticizes you for "increasing inequality"

[@ssuwandi3240]

Well she's part of WEF.. but Sweden Italy and Hungary will escape..

[@lestrem11]

TheIMF have never even ‘right’ on anything. Keep up.

[@gdewyg]

Uk is not suffering from economic crisis but leadership crisis

[@notjustforhackers4252]

Indeed. Tory and Labour entrapment. Vote 'em out, all of 'em.

[@Sam-rb1sj]

I’m £10k richer thanks to this government. I think they are doing a great job! Next we need to cut benefits and close the border to asylum seekers.

[@shootimblue]

They don't have a clue this country is crumbling to be honest

[@edwardbrady5843]

You better believe its an economic crisis caused by brexit and made worse by this idiot boy of a Chancellor.

[@MrJenklns]

Tell us news not history

[@thesunshinehome]

she's only been prime minister for about 2 weeks and she's already ballsed up the entire economy lol

[@khanhcao3123]

She is a plant, nothing will change

[@justsayen2024]

Closer to one week when you consider the Queen's funeral.

[@MrJenklns]

Even the Nazi luftwaffe failed to do that with constant air raids over the UK for years 🤔

[@DioBrando1996v]

She did more damage in a few weeks than what Boris Johnson had done in his 3 year term as prime minister. Which is saying a lot since Boris johnson is one worst prime minister's this country has ever seen.

[@marktn9851]

Is she that good!

[@FAVanguard]

For the IMF to break their silence and comment on a G7 country's economic policy says a lot about the incompetence of the Torys, Any economics student could've told them not to do this in an inflationary period.

[@jasonkingshott2971]

....'Tories'.

[@piccalillipit9211]

Apparently, it was starting to infect American financial institutions

[@bbcisaids6727]

You mean globalists, like schwab, eu, biden,

[@JamesSmith-qs4hx]

It's like watching the bell curve in action in real time, isn't it!

[@adamkaan8025]

These absurd decisions are being made in many countries. This economic enivironment is worldwide. It seems as though its a plan to destroy the world economy and create a one world government, digital currency by coinciding it with ww3. The average Joe will not care about money they will just be happy to be alive, as in the very few that will be still alive.

[@BTG07]

Well that confirms it, Liz Truss went to Erdogan school of economics. What genius we have in the government right now.

[@JockelBacke]

she rather studied in greece where the whole country ran bankrupt

[@Sandy-qs5og]

Exactly 😅

[@MrJenklns]

She is a renagade ship jumping Libdem remainder

[@bbcisaids6727]

The euro has tanked,as has the dollar! This is a global recession started by... biden ,the cost of lockdowns

[@DioBrando1996v]

Sad thing is Rishi said it to her multiple times during the debates about her ridiculous her policies were and she never listened

[@ageoflove1980]

I get it... The only way to let Boris Johnson go in to the history books as a decent bloke is to literally destroy the country right after he left.

[@jimmyjames6487]

Same happened in the US

[@freddiestranger9783]

OKAY GIVE YOUR LIFE TO THE LORD JESUS CHRIST NOW

[@roofpizza1250]

We have a Bingo.

[@roofpizza1250]

@@jimmyjames6487 LOLZ. You wish.

[@crhu319]

Yup! #FreeScotland

[@sunnyvalentino]

Love or hate Rishi, he was a competent Chancellor and was brutally honest with the public about what he would do, mocked for being "too smart", "elitist" etc. As if MOST of the prior British PMs did not have elitist background and qualifications, competence and intelligence is actually a bad thing. This was a totally avoidable catastrophe, and we reap what we sowed now.

[@musicmusic6595]

I liked rishi a lot he had good explanations on the economy which we badly needed now and he has experience. No idea how truss got through

[@poonholder5643]

@@a.j.atkinsonart1082 ppl are retarded

[@vrutantshah7218]

@@musicmusic6595 Because people fail to understand that mind is superior to body and the skin color.

[@Jaylio]

Of course the torys wouldn’t vote for Rishi hes brown bc of their racism they will now have to deal with Liz setting the bar to an all new low 😂

[@sugarly69]

Just like Johnson Before you, just like Brexit before you.

[@jeremysmith8035]

youve got to be good when your economic policy is rejected by the banks the international monetary fund and the United States on the same day, might be why lizzy is hiding 🤔

[@freddiestranger9783]

HMM GIVE YOUR LIFE TO THE LORD JESUS CHRIST NOW

[@dune6727]

Thin Lizzy

[@freddiestranger9783]

@@razzspice INDEED NOW GIVE YOUR LIFE TO THE LORD JESUS CHRIST TODAY 🙏

[@freddiestranger9783]

GIVE YOUR LIFE TO THE LORD 🙏 JESUS CHRIST TODAY 🙏

[@poonholder5643]

Do you route for the IMF, sleepy Joe and "the bankers" then? Funny old times we are in!

[@luciferx829]

Man ,Rishi Sunak's statement happened 🤯🤯😱

[@pauljansen1137]

I guess I will be shopping in England very soon😀!

[@stevexnycautomotive]

99 cent store own by Allah

[@LuchadorMasque]

You'll have to be because they won't be shipping anything my way any time soon. Fiat money is stupid

[@chucknorris7480]

Shop in Japan

[@tropics8407]

That is the exact idea

[@batthink2338]

Here is the truth about Kier Starmer It’s not what the public thinks.. kzbin.info/www/bejne/fJe3pqqspqiebNU

[@biswaroopmaiti2943]

If you appoint a historian of economics to run your economy your economy will be history.

[@ahmedabdi9950]

He is a poet

[@freddiestranger9783]

GIVE YOUR LIFE TO THE LORD JESUS CHRIST NOW AND TODAY

[@editor4578]

@@freddiestranger9783 cringe

[@jhunpalz06]

Honestly I expect as a historian he should have known better.

[@akhanddbangladesh8274]

Put another lndian as Chancellor of the Exchequer ..seems like whatever lndian touches turns into ashes. ... google, Microsoft everything is loosing money. ... USA let 30 million lndians to be naturalized citizens of the USA in last 25 years .. now USA is bankrupt.😅😅

[@za.307]

Whatever libertarian think tank advisers are pulling Truss's strings, Starmer needs send them a big thank you note. One thumbs to the already rich, a middle finger to anybody working class. Yet, there will still be Tories (all be it really deluded one's) saying this will help the poor, and handing money to those already earning upto 6 times the national average will also help them. Hating and not caring about the poor isn't a bug of being a Tory, its a flippin' feature.

[@horatio59]

do you really think it would have been any better under a Blairite creature ? All these Mafiosi Globalist criminals are cut from the same cloth,they just have a different script.Its time to consign them all to the bowels of history and build a news a new system based on real money and honesty

[@MrLegendra]

Should’ve elected Sunak…not a fan of all his policies but his economic policies were sound.

[@alastairwallace6153]

All tories are crap, they are the sole reason the uk is in the shitter. All are completely and on purpose incompetent it seems to fill the richest pockets.

[@matsmithlondon1123]

We'll see a massive amount of defaults on mortgage payments over the next year as well as rising income inequality. People won't be able to afford rent, food, essential medication and the number of working poor will increase since wages will not be able to keep up with inflation. An increasing proportion of people will fall below the poverty line. I'm honestly shocked the UK government doesn't have a clue about macroeconomics and its societal impact. Imagine you see a poor person on the street and instead of giving the money to the person in need, you're instead giving it to the rich person living in a mansion with an offshore account in Bermuda. Trickle-down economics does not work.

[@magesalmanac6424]

Trickle down economics doesn’t work! Preach it louder, it’s been decades and some people still haven’t learned this.

[@MrJenklns]

@David Pitman my flight is booked to the ☀️ in Jan 👈

[@MrJenklns]

@@magesalmanac6424 trickle down...the biggest load of Bull-💩

[@nineteen8026]

Trickle down can work - but it takes 5 years to come through- too late for many, who will lose their Houses, Credit Cards, Pensions.

[@freddiestranger9783]

ALRIGHT GIVE YOUR LIFE TO THE LORD JESUS CHRIST NOW

[@thesunshinehome]

Worst start of prime minister's rein ever

[@undervine]

reign*

[@methanedirigible]

@@undervine it never reigns but it poors

[@BB-jf9yr]

Rishi sunak was right 👍👍👍👍

[@arthuranydonuts923]

Bring back Boris-Sunak!

[@freddiestranger9783]

INDEED GIVE YOUR LIFE TO THE LORD JESUS CHRIST NOW

[@carlosgd8903]

Bring Rishi back. He predicted this and wanted to avoid this

[@stevec6427]

Get rid of the lot of them

[@TG-ts3xn]

He helped cause this! We need a Patriotic Party…

[@PrivateVoid1]

Well Trussonomics is getting off to a great start I must say. Who knew that borrowing eye-wateringly huge sums of money to spend on tax cuts for the super rich might not be viewed as a genius move. Good job Liz.

[@marjiyaahmed4497]

@Travel Crawl they did elect a woman. What's your point?

[@damianeadie510]

I'm going to apply Trussonimics in my own life and I'm prepared to be unpopular. I would love a new car, so I'm going to crash my current car into a shopping mall and set fire to it, then go round with a cap asking onlookers if they have any change. Of course I will tell them it will be British made too!! Wish me luck guys!

[@gr8macaw1]

Reagan started a plan just like this in the US. We had a riot on the capital building. Now they are going to crash the economy so they can have us all starve, groceries are so expensive. Then they will move to eradicate our only socialized healthcare which is medicare for elderly people. Lately I have read on the propergander channels they are saying the NHS is becoming unworkable safeguard your NHS because old Liz and the other guy have already planned it out.

[@turukaath5170]

@Travel Crawl oh ffs, even in an economic crisis, your reasoning is sexism and not incompetence

[@stevec6427]

I'm going to apply the same theory to my business. If I borrow from the bank, I can use that money to cut prices for my customers. It's a bold move, lets see if it pays off

[@spaceshuttledoorgunner125]

Few times I watched Truss' speeches, media talks, Q&A's, my impression was that she didn't seem so cultured, bright, intelligent, worldly, experienced and downright untrustworthy. And her facial expressions... Just imagine her pushing the UK nukes button.

[@jondonnelly4831]

This strategy is amazing for manufacturers that export, if only we had some.

[@jondonnelly4831]

Or that big market next door, we left. Or that one across the Pacific which Truss can't get on with.

[@freddiestranger9783]

HMM GIVE YOUR LIFE TO THE LORD JESUS CHRIST NOW

[@jimstirling8120]

We export 770 billion dollars worth a year and we are the 5th biggest exporting country in the world. Profiles of the world's largest exporters 1.China. Aside from the European Union (which is a collective of many countries), China is the world's largest exporter. ... 2.United States. The U.S. is the second-largest exporter in the world, with an estimated $2.12 trillion in exports for 2020. ... 3.Germany. ... 4.Japan. ... 5.United Kingdom.

[@jondonnelly4831]

@@jimstirling8120 according to Statista we are 14th, behind Belgium and Mexico and slighly above SINGAPORE.

[@jam6636]

@@jimstirling8120 you meant 15th...

[@dilatedbeholder3865]

At this point Starmer just has to stay at home and he will still win the general election

[@ultrapiscine]

I thought I was bad with money but holy crap this is another level.

[@ultrapiscine]

@@razzspice Terrible 😂

[@FleX_94]

If the IMF have crawled out from under their rock to say this then we're well and truly fucked 🤣

[@poonholder5643]

No they have crawled from under their rock because Kwarteng and truss just threw a fork in the works of the WEF and the NWO!

[@Jaylio]

We’ll probably need a bailout at this rate

[@ClementIV]

Bring Rushi back!!

[@errgo2713]

Bring the guillotine back

[@parthasdasgupta]

Mr Saunak is much more intelligent and educated than the present PM. But he was not chosen the reason known to everyone.

[@michaelketley876]

Basically, experts are telling Truss and Kwarteng that they have behaved like idiots.

[@dfwdfw9544]

Indeed. I'm trying to remember the last time the IMF or another international economic organization had to publically shame a "first world" nation. It is tempting to joke about Britain finding itself in the position of its poorer former colonies, always in the line of fire of criticism and concern from leading international organizations. Jamaica's troubles with the IMF and World Bank come to mind.

[@freddiestranger9783]

YES GIVE YOUR LIFE TO THE LORD JESUS CHRIST NOW

[@widsof7862]

this is what happens when ideologues ignore conditions when they push agendas or their beliefs and keep going even when the it worsens the situation, because they think they need to go further rather than reflect and adjust accordingly.

[@tomjones8715]

What part of the budget is the issue? I mean forget the basic rate tax payer cut of 1 percent as Labour said they would have done the same…

[@stevec6427]

@@tomjones8715 Tax cuts with no method of funding them other than borrowing. Extremely irresponsible and something governments never do because it's stupid. It would be like a business taking out a loan to be able to cut prices on the goods they sell

[@tomjones8715]

@@stevec6427 I agree…I’m more going after the attack on the Tory’s when the Labour plan on tax cuts was only 2 billion different..,Labour said they’d lower basic rate income tax as well. The biggest issue is the dollar system. Until that changes we are slaves to Washington. The best move would be to change our mortgage system and push 30 year mortgages as they have in the states. Protecting home owners from stupidity of government …

[@dragon.fromindia3235]

Europe should go for their own digital currency...And save paper

[@dragon.fromindia3235]

Give away dollars and take it back gold and silver...

[@DD-sr9xm]

The IMF doesn’t want to have to bail out the UK again. In 1976 the UK was so desperate they borrowed $4 bio for the IMF. The US and EU together provide over half of IMF funding, both are fed up with UK pettiness and bad behaviour.

[@freddiestranger9783]

OK GIVE YOUR LIFE TO THE LORD JESUS CHRIST NOW

[@terrack3005]

@@freddiestranger9783 Give over you brain washed fool...smh

[@stevec6427]

@@freddiestranger9783 No, I gave it to Satan

[@inigobantok1579]

America wouldn't rescue these in a foreign net capital inflow, they have other matters in their country.

[@slimy6316]

Tbf that was almost 50 years ago. I doubt they have that in the back of their minds

[@kikidevine694]

I'm not an economist, but won't tax cuts potentially lead to higher inflation?

[@justinauyeung1290]

When your economy runs on Russian dark money.

[@Lommy9999]

And Chinese

[@justinauyeung1290]

@@Lommy9999 Nah, the Chinese target 3rd world countries to own through defaulting on debt from infrastructure projects. England is too developed for their tastes. Most expensive real estate in London is owned by Russian oligarchs.

[@freeassange5667]

Make peace with Russia perhaps

[@DanafoxyVixen]

@@justinauyeung1290 The chinese has still a lot of money invested in the UK regardless

[@freddiestranger9783]

OKAY GIVE YOUR LIFE TO THE LORD JESUS CHRIST NOW

[@rayrowland3292]

the box tickers never cease to mess it up.

[@roberttalbot6397]

near were I live, people actually stop cars on main rds/ junctions begging money with paper cups, old,young, one girl came into McDonald's asking for tea,she then stumbled out,next time I saw her she was sat on a Rd junction begging she was about early twenties,. this is the big divide between rich and poor in uk

[@roberttalbot6397]

To beg on busy Rd junctions is dangerous in itself, car comes people could be killed doing this, what for I ask? Money? Sad

[@magesalmanac6424]

Not trying to tease anyone, but it’s the most British thing I’ve heard in a while, that McDonald’s sells tea in Britain. As an American that is so cute ❤️ 🇬🇧

[@diesel92kj1]

Second highest “lowest tax bracket” in the word & some of the highest collective taxes in the world, we are all struggling because of the taxes we pay. What did the Government do when you took your car to be repaired to warrant adding a tax on you getting a car repaired.

[@roberttalbot6397]

@@magesalmanac6424 and coffee, plus Costa,greegs,

[@MrJenklns]

@@magesalmanac6424 lizz Truss would like your comment 🆒

[@MrAlen6e]

You know it's bad when the IMF criticized a G7 country on their economic policy.....

[@freddiestranger9783]

YES GIVE YOUR LIFE TO THE LORD JESUS CHRIST NOW

[@jakel8627]

Just came out of Covid, then Brexit, then the war in Ukraine and subsequent sanctions on Russian oil and gas. Can't they just leave well enough alone? We don't need more risk and instability for Christ sake. Rishi Sunak should have the leadership race. This makes me so f'ing angry

[@antonleimbach648]

Great explanation of what’s happening. Thank you.

[@heredownunder]

I think even I know, giving tax cuts do not really stimulate the economy. In times of uncertainty, people tend to save, not spend.

[@geniejack9709]

DEPENDS ON THE TAX YOU ARE CUTTING

[@poonholder5643]

All tax is theft.

[@Otto72ish]

That bloke's analysis of why pension funds became forced sellers of bonds was flat wrong. It was a technical issue to do with their (ill-advised) positions in derivatives markets, and having to raise cash to provide collateral as derivative positions moved against them. It was nothing to do with having to sell the bonds themselves if they fall below a certain level. The Bank of England stepped in to prevent this becoming a vicious circle. Poor analysis by the BBC.

[@embreis2257]

most ludicrous was his analogy to the 1929 stock market crash

[@tonysherwood9619]

Explain it away then wheelbarrow it away - had you signed for this monetary system?

[@Ashura_Lex_Veda]

didnt know the UK's economy was something that fell under the jurisdiction of the Impossible Mission Force

[@soapmonkey6357]

@ellen reported for spam

[@cash_eye]

I was thinking the same thing

[@pplesandoranges]

Your economy, if you choose to crash it......

[@airhab]

Its an Impossible Mission for any Force to fix what Liz has broken.

[@71espn]

because britain will go begging to IMF

[@flowerpower7288]

Enough is enough!

[@aarononeal9830]

The bbc needs to talk about Ecosia they are a search engine that plants trees

[@markdonovan1540]

They'll print money, as always. Tories know this and have hedged their bets accordingly. Rinsing people's savings and livelihoods to fill the coffers of their offshore backers, where they also have their own personal investments, of course!

[@freddiestranger9783]

ALRIGHT GIVE YOUR LIFE TO THE LORD JESUS CHRIST NOW

[@blitz8702]

yes manipulating and scheming how to get rich and profiteering from good honest workers and home owners.leech

[@aditube8781]

this is what happens wen country men give in to racism and jealousy

[@pkwong1940]

What an achievement for Liz Truss. Only 2 weeks as PM. I can't wait to see what will happen in 2 months time.

[@Jaylio]

The UK is falling 😂 LOL

[@StratsRUs]

Trickledown always works ! For Johnson.

[@PMMagro]

Mini budget, major backlash...

[@vjab1108]

People will not be able to pay the TV Tax, oh dear.

[@freddiestranger9783]

HMM GIVE YOUR LIFE TO THE LORD JESUS CHRIST NOW

[@Keln02]

gj truss. making our life harder.

[@freddiestranger9783]

HMM GIVE YOUR LIFE TO THE LORD JESUS CHRIST NOW

[@markmeade2937]

The difference between people who know what they are doing , and box tickers . Two box tickers equals a shambles, a shameful shambles…..

[@abhiramnimmagadda1557]

well duh!?

[@Andrew-ob5ij]

And people say the tories are the party that is the best at looking after the economy 😂

[@paulcernava7091]

If you cause financial pain to the middle class down you have the wealthy class happy to take advantage of the peasants and then control is so much easier....

[@devpersaud2331]

There needs a repair job. That is to get the oil companies to contribute .

[@charliebrandt2263]

Where is the vote of no confidence in the government today? Parliament is too cowardly to dump this shower of ideologues and amateurs...It's going to be a long winter.

[@davidcedric7424]

Hello 👋 Charlie. How are you doing ?? I think what you’re trying to say is absolutely correct 😊😊

[@l.t.868]

Brits have nobody to blame but themselves because they voted these politicians in.

[@willbrown8568]

Thats the thing, we didnt vote for this goverment. 200,000 party members did

[@w.kfontaine7084]

You’re incorrect. Do better

[@airhab]

No one voted for Liz.

[@deborahfreedman333]

I'm an American, and yet, even I know that Truss was only elected by Conservative party bigwigs, not the British public. And, if Labour had not been headed, at the time of last elections, by a Marxist antisemite, the Conservatives might not have done so well. The Brits only have themselves to blame for Brexit, but not Truss. (OK, Norfolk has only themselves to blame, but not the rest of the UK.) BTW What do have against commas?

[@darrinroberto9474]

Wrong....no one voted them in.. there cronies and benefactors did...

[@vikrantnalkur4422]

Rishi was right.

[@warsil3735]

Sri Lanka dosca similar trickle down economics and went bankrupt..you cannot tax cut and simultaneously bear the energy costs.

[@Oldfogey2014]

Where’s Norman Lamont? I’m surprised you haven’t called him up for comment. He’s someone who knows what a real crisis is.

[@leinad5243]

What does THE uK export? Royal pottery plates?

[@flowerpower7288]

Doilies

[@zippy8106]

Yes but it's imported as mere pottery plates 😄

[@richsees8988]

The sane world looking out for the UK world of crazy

[@hyndscs]

Makes a nice change from the USA no?

[@malhamaulkubra4437]

Deflation meant too much money was printed and thrown into the system.... Now that it's inflation.. Money is supposed to be sucked out of the system in phases... Kwarteng instead fed more into the system with huge tax cuts

[@freddiestranger9783]

GOOD GIVE YOUR LIFE TO THE LORD JESUS CHRIST NOW

[@Dunno5minutes]

Well finally

[@stevexnycautomotive]

Yes, the clock is getting broken

[@goldfinga786able]

Stop aiding war and think of ur own country

[@paulowens4744]

Thank god someone with clout is saying something. Sadly I doubt it will help in time.

[@freddiestranger9783]

INDEED GIVE YOUR LIFE TO THE LORD JESUS CHRIST NOW

[@melissaholt1211]

Thanks 😊

[@davidcedric7424]

Hello Melissa. How are you doing?? 😊 you’re welcome

[@b.nzie.2388]

Where is the PM???

[@seriousstuff8887]

The country is flip flopping its way to the flipping egde .. Flipping insanity tbh !

[@freddiestranger9783]

TRUE GIVE YOUR LIFE TO THE LORD JESUS CHRIST NOW

[@nyakwarObat]

For flipping sake!!

[@HopoCafe]

Rishi had better economic policies. Liz is good but not good enough. All the best. 🙂👍🏻

[@sunnyvalentino]

But Rishi was "not English" enough for the right wing.

[@dotolaj3263]

They must be on the right track then

[@piaxgft5799]

best explanation i've seen.

[@derekscanlan4641]

Brexit 'may bring difficult times' Theresa May - that one time 🤣

[@freddiestranger9783]

RIGHT ON GIVE YOUR LIFE TO THE LORD JESUS CHRIST NOW

[@nietzschean3138]

Very little to do with Brexit, which was a brilliant opportunity. It had to be made to seem catastrophic though, as it it was entirely at odds globalist agendas.

[@LuchadorMasque]

Aye, the dollar appreciates it. This is an odd recession. One at full employment and a very strong dollar in the United States. Fiat currency . . . Lol

[@hyndscs]

Petrodollar fiat lol

[@jonathanhadley2555]

Well could there be a new monetary system on the way?!

[@freddiestranger9783]

OKAY GIVE YOUR LIFE TO THE LORD JESUS CHRIST NOW

[@jonathanhadley2555]

@@freddiestranger9783 Well if ever there was a time, for a messiah...............................!

[@Guesswhokk]

Few days ago BOE announcing "UK under recession" and today this happen. Tories really know how to turn around a "boring" economic policy into an "ideological one".

[@harrywilliam8740]

India has 580 billion forex reserve. Uk has only 80 billion forex reserve. If uk has cross border trade. it will give huge loss. Dollar is more important. Pound is not attractive currency like dollar. Whole world use dollar.

[@Lommy9999]

But India is incredibly inequal. In the UK you don't have such poverty rates.

[@harrywilliam8740]

@@Lommy9999 uk is a small country with low poverty rate that is good. Then y your forex reserve is so low ? Uk is 6th largest economy in the world.

[@freddiestranger9783]

OKAY GIVE YOUR LIFE TO THE LORD JESUS CHRIST NOW

[@Lommy9999]

@@harrywilliam8740 I'm not British....

[@jonsimmons4150]

in india 60% of households dont have toilets.

[@renzobartoli7816]

Fair play, the Government must be doing it right if the IMF are unhappy?

[@tednash5440]

need a translation in english

[@kupper123]

It doesn’t seem possible that a government could screw everything up this quickly.

[@TruthTeller977]

It's taken the BBC ALL DAY to cover this on KZbin.

[@darkking3608]

Yup I noticed that as well, this is a national crisis and we get silence... I used to not believe the BBC's bias stuff but Jesus

[@freddiestranger9783]

YES GIVE YOUR LIFE TO THE LORD JESUS CHRIST NOW

[@davidcedric7424]

Hello Elizabeth. How are you doing .?? Oh really I think so 😊 .

[@alicelander9058]

Interest rates need to be 5, 6 or 7 per cent then markets will want the pound

[@freddiestranger9783]

HMM GIVE YOUR LIFE TO THE LORD JESUS CHRIST NOW

[@strikefault]

there's that word again, inequality.

[@thomascrowe3407]

No tax is maximum heart rated. For some people and holdings, governments should address these matters and how others such as developers take advantage of these culterally sensitive areas .

[@janetlamb6812]

Liz Truss has to go

[@davidcedric7424]

Hello 👋 Janet. How are you doing ??

[@russellvisentin5723]

Investing in crypto now should be in every wise individuals list, in some months time you'll be ecstatic with the decision you made today

[@paulmarshall1178]

You should know it's easy and hard to make that much profit. I say EASY because it's very possible to make that much, and Hard because you'll need professional assistance to do it, I'd suggest you get assisted by a market advisor.

[@fredrickpeterson4382]

That is totally true, but how well does a financial advisor improve your profit? What is the experience like using an advisor?

[@patrickmartin2894]

I can't disclose too much, but yea I've been using a coach and through his guidance, I've been able to make approx. $24,000 in dividends on a monthly basis, it is pretty straightforward, not as complicated as it used to be.

[@patrickmartin2894]

She's called Mrs Emilie Choi

[@michaelfrankland2705]

This is impressive how could someone go about getting investment guidance from a coach like that, would you mind sharing your coach info?

[@hlaks1207]

The same path Uk following Sri Lanka, soon after elections win Gotabaya R, introduced tax cuts b4 Covid was declared worldwide pandemic. There started our economic crisis.

[@zerrycurrent]

Congratulations UK you have an (extra)extraordinary leadership

[@clareshaughnessy2745]

We are so proud.

[@CountScarlioni]

Yes, they're certainly a "special" bunch.

[@jlvandat69]

RIP, UK. As Americans painfully learned in 2016, when you elect a Right Wing personality to lead the country, destruction is inevitable. Italy will see the same. History tells us the future of the UK and Italy, and it's very ugly. Best of luck.

[@sukhdevjohal9053]

Totally agree

[@Keln02]

fun thing, truss wasn't elected... well 20k tory voters can't represent the entire uk

[@piccalillipit9211]

People voted for Brexit, they voted Tory - they are getting exactly what they voted for...

[@geordiebatt]

Truss never even had the support of the majority of her Tory colleagues. She's an absolute cluster f##k.

[@magesalmanac6424]

Yup, all they do is create tax write offs for the wealthy and deregulate. And then conservatives act surprised when their policies fail!

[@stevexnycautomotive]

IMF = International MFer

[@IwillGetyou00000]

Should have kept Boris

[@iamdmc]

When it comes to the UK Gov NO PROS - ONLY CONS

[@shahidanusrat6086]

As a Pakistani I am so much concerned about UK pound 💷 loosing its weight and value hahahaha 😅

[@jasonkingshott2971]

I'm sure many people are not much concerned that they aren't Pakistani.

[@gc2696]

Oh dear...less money will be sent back to Pakistan...😰

[@freddiestranger9783]

OK GIVE YOUR LIFE TO THE LORD JESUS CHRIST NOW

[@bbcisaids6727]

The cost of complying to lockdowns! Well done sheep this is on you

[@freddiestranger9783]

INDEED GIVE YOUR LIFE TO THE LORD JESUS CHRIST NOW

[@flowerpower7288]

Actually many did not comply - don't believe everything you hear on msm

[@MrMusicbyMartin]

What on this earth has this got to do with lockdowns?

[@bbcisaids6727]

@@MrMusicbyMartin you brainwashed globalist serf,

[@bbcisaids6727]

@@MrMusicbyMartin lockdowns destroyed the economy!! You gormless sheep followed their plan, now your paying for it!! Stop bmoaning and accept your part for this ... pathetic

[@jeffdady864]

This chancellor and the new prime minister seem to be out of there depth how can they say they are helping the public when mortgages are going through the roof and many will lose there home, great thinking liz .

[@mcconartist3281]

Those experts again. Causing havok

[@moralesortiz7872]

✍️✍️Nice video and I thank you for breaking it down !! Despite the economic recession , I'm so 😊 I have been earning $ 60,000 returns from my $ 8,000 investment on short period

[@sammirodger440]

HOW!!😊 I know it's possible, my sister always get 40K every week, I would appreciate if you show me how to go about it.

[@susanlett6374]

HER AVAILABILITY IS ON WHATS'APK MESSENGER

[@nathanielvera.0]

👆👆👆

[@nathanielvera.0]

🇺🇲🇺🇲🇺🇲

[@susanlett6374]

@The American Empire TELL HER I REF'D YOU ASAP🇺🇲🙏

[@a.b.5452]

I'd actually go to Uk, because why shouldnt I want to have more cash on hand now. What I want to say is, I dont think we can predict what exactly will happen economically as some factors are quite unpredictable. It can certainly attract some people to move to UK, and thus more peolple to pay taxes, yes, a lesser amount, but they also spend the money they earn on living expenses, they can afford more at least in the short-term. I cannot predict the effect for the government, but for the market it seems a booster. What I also dont understand is that people always complain that taxes are too high and once they get lowered its also bad... In this case a negative effect can arrive because of market actors expectations, as they interpret it in a bad way. But maybe they are outdated as well. Ok, funded by borrowing, if the economy is strong, ok you have obligations but Uk does have a stable economy able to pay. Also, how else to tackle rising energy prices? If you do nothing, citizens start voting for the far right (even though thats a real phenomenon to me)

[@dianaspencer9537]

Uk pound and dubai currency compare better uk

[@davidcedric7424]

Hello 👋 Diana. How are you doing?? Yeah that’s true . Do you live in UK or Dubai..??

[@MrManny075]

The Boe plan was to rise the interest rate slowly for fear of a recession Liz truss put Boe under pressure with her tax cut and borrowing, which works against the Boe plan as it will increase inflation so now, the Boe come up with a new plan instead of creating new money or buying new bonds they are going to buy the old ones is like pushing the can a bit further and they have time to rise the interest higher and hope the inflation will start to go down and stop the ran on the pound,

[@freddiestranger9783]

RIGHT GIVE YOUR LIFE TO THE LORD JESUS CHRIST NOW