After a dramatic week, so much interesting news and analysis in the Sunday papers. Round-up for Off to Lunch members here. You sign-up now...

offtolunch.substack.com/p/sunday-press…

Leading one of the world’s megachains

In his new podcast, Business Studies, writer Graham Ruddick speaks to Archie Norman, one of the most influential business leaders in Britain and the current chairman of 138-year-old retail brand Marks & Spencer

offtolunch.substack.com/p/episode-1-ar…

Welcome to another edition of Substack Reads.

This week we’re reading Edd Kimber, Matt Goodwin, Beth Collier LDN, Lauren Wolfe, M. Jia, Graham Ruddick, wendy macnaughton, and more:

read.substack.com/p/substack-rea…
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A reminder: help and rankings for return of Fantasy Premier League

Brutal read for government. This is one extract: 'During the Tory leadership contest I had cause to ask several times if Truss knew what she was talking about when it came to economic policy... Many might conclude that question has now been answered — definitively'

Latest Off to Lunch is with subscribers

Free for everyone: Round-up of the week and reaction to OBR meeting. News on episode 2 of Business Studies podcast
For paying members: Bonus content from Archie Norman interview

You can sign-up and read here:

offtolunch.substack.com/p/what-next

BREAKING

Labour have a 33 POINT LEAD with YouGov/Times

Yes, 33. THIRTY-THREE POINTS

Lab: 54 (+9)
Con: 21 (-7)
Lib: 7 (-2)
Green: 6 (-1)
Ref: 4 (+1)

Fieldwork: Today and yesterday

thetimes.co.uk/article/yougov…

Glad to say that Fantasy Premier League is back this weekend and so is Fantasy Gameweek rankings and thoughts. A welcome break from thinking about markets and the economy...

I’ve just had the most astonishingly bleak call with a senior Tory about the current prime minister. Then you remember she’s been prime minister for three weeks.

This is by far the worst unforced economic policy error of my lifetime

🚨NEW🚨
On the Bank of England intervention:
Am told the BoE were responding to a “run dynamic” on pension funds - a wholesale equivalent of the run which destroyed Northern Rock.
Had they not intervened, there would have been mass insolvencies of pension funds by THIS AFTERNOON.

Few journalists calling asking about 'pension funds going bust'/'is this a financial crisis'. The basic answer is no - higher rates IMPROVE the position of most pension funds BUT because of how they hedge against interest rate changes they now need to find a lot of cash quickly

Delighted to say that Business Studies podcast now available on Apple too, if that is how you enjoy listening to your podcasts...Also on Spotify and of course via the Substack app...

podcasts.apple.com/gb/podcast/bus…

I don't want to disappoint those wanting a speedy denouement to current market events. But it's a long and repeated game. We have a floating currency which withstands day to day market pressures. London is one of the deepest capital markets in the world. 1/

V clear explanation of mortgage hit facing households. This is PER MONTH. As I wrote in todays Off to Lunch, UK may end up with a bigger problem then the one the government was trying to fix...

offtolunch.substack.com/p/a-bigger-pro…

This 👇