Negative market reaction to the Autumn Budget | Sky's Ed Conway explains

[@thefacelessvaper2833]

I don't blame people leaving. Labour ain't got a clue. I feel like leaving myself.

[@liveitlarge68]

I have left!

[@jstoner9029]

Can I be of any assistance?

[@DDyes]

The value of the pound is quite literally nowhere near its 1yr low. Zooming in on a graph like this will make it look much worse than it is. Plus comparing it to "a basket of other currencies" could mean anything at this rate!

[@pauloakes5718]

I liken the Government to a teenager with a gold card 🦇

[@Shadowfire-n9f]

They are actually like a bunch of crooks sniggering after a heist.

[@StewMac-x7k]

I sold everything i had and transferred it all to Belgium. Ill invest outside of the uk.

[@JasmineNewman-x2o]

Bye then 😂😂

[@SlowhandGreg]

They have higher taxes

[@Irishesbox11]

Dead right mate protect yourself

[@TerryJC1971]

That’s the spirit, scarper

[@K3NN3H1]

bad move, invest for the long term, buy shares when its down!

[@moonlit_forest2680]

So let me get this straight! It isn’t doing badly in the markets compared to Liz Truss yet sky is trying to make it appear that way

[@IRSH-sy5jn]

England spends almost 9 billion a year, keeping the North of Ireland as temporary caretakers. It would have been better to reunite Ireland and use the money in England.

[@PJH13]

If this was the logic by which countries were made you'd have a Kingdom of London and the South East voting for independence next Tuesday

[@T5Zplayer]

bolloks

[@1ForTheShieldz]

Nonsense, we give far and away more to other countries and illegals and benefit fraud, before we dismantle temhe uk let's start there.

[@Insightful21]

@@PJH13 Spot on. London subsidises the rest of the country hugely.

[@ThomasFennessy]

Look at the markets after a couple of weeks!

[@stephenball-qo7ug]

1 year and joe public will understand. At the moment they think they are good. HAHAHA

[@JohnClem7865]

They will be worse

[@thomashobbs1498]

@@JohnClem7865 I'll be back in a week. I think they will level off in a few days

[@Callum_009]

Yeah even worse

[@SAbre5311]

She just might out Truss Truss.

[@athek7081]

People will be typically worried after a labour budget as they are well known for poor money handling.

[@grahamcook9289]

When will interest rates start going up again?

[@stephenball-qo7ug]

3months to 6months

[@sergioperzefaisal1574]

I took a big short Position on the ftse100. On 30 October 2024. After hours trading. I am up alot😅😂😂

[@AG-so4gl]

5ft 2? 😅

[@J_Bone1888]

All it shows is the OBR isn’t fit for purpose

[@gerardphillips7507]

Chronically inept budget!

[@amfearliathmor9747]

Hi ho,, hi ho, its off to the IMF we go..

[@BrianWillcox-qp2hr]

The Ghost of Liz Truss ? 👻 👀

[@liveitlarge68]

Soviet Britain under Fidel Starmer!

[@user-ps3qk3xl2d]

Moooooar tax to reduce deficit 😂.

[@amfearliathmor9747]

With gold just recently hitting £2155 per troy Oz it goes to show how much the purchasing power of the Fiat currency Sterling has fallen.

[@Callum_009]

Labour “Everything Is Fine”

[@ssuwandi3240]

Hardly can work without a solid long term industrial framework.

[@JohnClem7865]

Labours disaster budget is a danger to us all. Labour must go!

[@sergioperzefaisal1574]

@@JohnClem7865 We are f.cked

[@Aklith]

Not a huge fan of labour but the Tories have left the place in a mess. I blame the electorate for repeatedly voting those clowns in.

[@amfearliathmor9747]

Inflation is a tax on working people via the devaluation of the Fiat Currency. Considering the food import increase percentage (doubling in a few years) and the additional millions of more mouths to feed due to unlimited immigration and the national security threats of Open borders and the consant attacks to make farming in the UK uneconomical due to the UK government policies then there will shortly be food supply chain shortages. The cost of living crisis may soon become unsustainable on these islands.

[@manuelponte10]

Call me Manuel Cummings! 🤣

[@bargainhunter9866]

5% would be a good base line, above that would be a disaster, below that would be a bonus

[@ncooper8438]

Storm in a teacup, nothing to see here. Wait a few weeks before commenting again please.

[@andrewwalker3312]

looks like the obr are a worthless lot

[@Poontang123]

Misleading.

[@amfearliathmor9747]

A years supply of Choco ration in the current Starmagedon can still be had for less than £20. With two teir Kier I doubt that the revolting mushrooms will even get a choco ration from the ministry of plenty.

[@marcfielding2460]

Lol that chart, the movement he's showing happens almost every day.....

[@stuartwood5448]

When the growth figures and revised down again and borrowing /deficit is soring the bond vigilantes will be out in force

[@Shadowfire-n9f]

Taxing pensions is the killer

[@jstoner9029]

Maybe, I guess that’s why these didn’t do it.

[@wiseget]

Life under Labour

[@marklee1783]

With a bit of luck it might cause an housing price crash.

[@tommylennon4795]

Would be nice but we have way too much immigration for that to happen

[@denisburgess2966]

No surprise there.

[@banagheroldchurch1551]

Any young person wishing to get into farming without inheriting land is wasting their time and land could be cheaper that will make it easier for young farmers to acquire land . With the area farm payments coming to a end in the next year or two and only linked to farms been eligible with 10% of their land been used for growing trees and agree to strict environmentally friendly farming practises in reduced slurry fertiliser use and for , wildlife and traditional British plants a new day is dawning and less demand from farmers with the EU Basic payment giving 25,000 a acre for hill land in NI or anywhere in UK .

[@anthonyf7821]

Farmers rightly so pissed with the unqualified bank clerk. Now warning massive food shortages because of these labour 🤡

[@gavinhartley5454]

God bless President Trump, and God bless the USA.

[@thatguywhoisgoodatbackflip5180]

Going back to quantitative easing to surpress long term yields with this one 🗣🗣🗣 CPI ---> 1000000000%

[@twisteddancer7773]

Reeves makes Truss look like father Christmas

[@autumn6772]

Don’t be putting my name into your story.

[@hustlinmagic]

Sky should be ashamed of themselves for this nonsense. It is the biggest load of claptrap I have ever heard.

[@Spencerlayne]

Whats sky news solution on fixing the country? If she did fuq all youd moan. If she did this youll moan.

[@Charlieb6308]

No I think I'd take f all over this destruction of our economy.

[@Spencerlayne]

@Charlieb6308 doesn't even make sense. Hasn't been implemented yet. And it can't be any worse than it is. I'm just majorly disappointed that they aren't any different from the torys. Deep down I knew really. But was just hoping for massive change. But never ever changes does it. Just the rich at the top and everyone else at the bottom. And I just don't get how there are so many more of us. And yet we continue to let them do this to us. There's millions of usz and 100s of them. And we just bend over and say yh ok. For 1000 years. It's the same families. Same people.

[@elrevesyelderecho]

1:41 wondering?? #Lettuce

[@thehammersmithcrumpetradar]

Hasn’t it always?

[@dolphee9935]

No, normally it’s predictable and therefore already priced in. This one was not, as she misled the public while campaigning

[@manic2360]

..Eat the Rich.

[@prussell7377]

I’ve sold all my UK investments, don’t trust this lot 🤔

[@thomashobbs1498]

That graph of the pound is so misleading... only the last 30 days which is meaningless

[@julianshepherd2038]

Biggest fall in 18 months is not a big deal.

[@SlowhandGreg]

It's following the Dow All markets are interlinked I invest so follow this stuff

[@everready800]

Government: "We have a £20BN financial black hole" Also U.K. Government..... "The promised annual £3BN support for Ukraine would continue for as long as it takes".

[@Zenkrypt]

most of that is seized russian assets.

[@ThatAnnoyingStepdad]

The first move is always the wrong move

[@fintamaria2429]

Growth. The economy should be about the quality of life of the population, not about slavery. And the planet, the planet's resources, will sustain us as long as we don't destroy it for the sake of Elite profits.

[@JohnClem7865]

Don’t be stupid Labour is a disaster

[@MCDONALD6969]

FFS get a grip

[@carlosdeno]

@@MCDONALD6969😂😂😂

[@MCDONALD6969]

@@carlosdeno socialism has driven everyone crazy right!?

[@mart34]

25 year debt binge by both labour and conservatives, now we're on the edge of bankruptcy. In the next 5-10 years, the market will force austerity upon the UK, the likes of which has never been seen before. It's inevitable, and the sooner, the better because kicking the can down the road ultimately leads to a bigger catastrophe.

[@T5Zplayer]

not true, 2008 recession was recovered in2017 then covid/putin hit.

[@RebekkaHay]

Oh boo-bloody-hoo 😂