The IMF have said that Kwasi Kwarteng’s tax cuts are likely to increase inequality and measures should target households worst affected by energy crisis and inflation. Lenders have already withdrawn hundreds of mortgage deals this week, as they struggle to price their products because of the financial market volatility. The pound has hit a low against dollar after the mini-budget rocked the markets and the former boss of our Chancellor is raking in the money.
Despite having a costed budget, Jeremy Corbyn was accused of risking the economy of our nation by taking funds from the magic money tree. Look where we are now! Hopefully (for the nation) Liz Truss will be proved right and things will settle. But wishing for something to happen does not change reality!