This level of incompetence and recklessness by ⁦Liz Truss⁩ ⁦Kwasi Kwarteng⁩ has reached the level of criminal negligence. They are gambling the entire economy and people's pensions. These clowns cannot and should not have any power. theguardian.com/business/2022/…

If #ESG were a “distraction” from #ClimateAction , as some like to claim, the Right would be embracing it. “It is precisely because ESG can have a positive impact on environmental and social issues that the political right, and vested interests, are so viciously fighting it.”

Where are the other business leaders? Why aren't they speaking up against this catastrophe? Where is the ⁦BCC⁩? Stop appeasing the corrupt Tories! #minibudget

Virgin Atlantic chief: UK government should reverse course as pound slumps theguardian.com/business/2022/…

Precisely. It was moronic in its core. And everyone ought to speak up! We are being governed by complete and utter morons! And this is dangerous! Elections NOW! #MiniBudget #PoundSterling #corruption #idiocracy #morons

Tories have no credibility, no substance left! The party has been overtaken by utter imbeciles! It is no longer the party of business and sound economics. It's not even a party, it's a joke, it's a circus! #torychaos #ToryCorruption #minibudget #TorySterlingCrisis

Who in their right mind believes anything that Kwasi Kwarteng says? He has no credibility left & the mkts know that! 2 months until he shares a plan to reduce the debt? £ will be in tatters by then! This is a major crisis & can only be resolved through elections. #MiniBudget

Britain after 12 wasted Tory years of Austerity, Brexit, Corruption, Devaluation, Energy fail, Foodbanks, Greed, Housing fail, Incompetence, Johnson and now Kamikwazi Trussonomics ABC disaster. They have got to go. All of them.

Tory MP Andrew Bridgen on BBC Radio 4 Today says he has spoken to Kwasi Kwarteng since Friday & he expects announcements of public spending cuts in the near future. So that’s ok then because our public services really are straining under the weight of excess investment. #ClownEconomics

Tories have no credibility, no substance left! The party has been overtaken by utter imbeciles! It is no longer the party of business and sound economics. It's not even a party, it's a joke, it's a circus! #torychaos #ToryCorruption #minibudget #TorySterlingCrisis

Precisely. It was moronic in its core. And everyone ought to speak up! We are being governed by complete and utter morons! And this is dangerous! Elections NOW! #MiniBudget #PoundSterling #corruption #idiocracy #morons

Where are the other business leaders? Why aren't they speaking up against this catastrophe? Where is the ⁦BCC⁩? Stop appeasing the corrupt Tories! #minibudget

Virgin Atlantic chief: UK government should reverse course as pound slumps theguardian.com/business/2022/…

WTF Liz Truss? Seriously, what the actual f***? #clown #corruption #TorySCUM #ToriesOut #minibudget

Elections NOW! Time to vote out these incompetent clowns! They have no clue about basic economics; the only thing they are protecting is their rich donors & hedge funds. This is criminal negligence against the British people! #MiniBudget #PoundSterling #LabourConference2022

An intro for the ages, via George Parker ft.com/content/1843a6…

Yesterday was all about the falling pound, which can feel a little remote. Today will be all about rising interest rates, which gets up close and very personal. Truss and Kwarteng’s efforts to bankrupt UK households will feel very real for millions as today progresses.

Financial crisis in Britain will affect London’s viability as a global financial center so there is the risk of a vicious cycle where volatility hurts the fundamentals, which in turn raises volatility.

The magnitude of Britain’s trade current account deficit underscores the seriousness of its challenges. My guess is that pound will find its way below parity with both the dollar and euro.