Maybe we should give him a Math lesson.... 100 Mio low to middle income families... x USD 2'000 = 200 bio . Expected Tariff revenue in 2025.... 195 Bio..... US debt... 38 Trln... hmmm no wonder things go a bit iffy!!!!

Of course, why hurry, still have 16 days to go. Shows how little they know what they want to do..... fact is.. Credit card is full... maybe time to think about cutting spending and if you do not want to cut the welfare bill.... why not take away a few billions from Ed's spending.

Well... the biggest challenges for the UK is the Labour party and with that the Chancellor Reeves... also great to see that Sherlock just realised tax hikes had consequences so hope that Sherlock also realises that future tax hikes that she will conduct this month will also have even more consequences... I wonder why she even bothers to speak.... with the budget being so late she also added even more pain to the economy as all is frozen out.... really amateurish on all levels (not to mention the pre budget speech)

Tell me this man does not have some problems???

You should convince China and India as what Britain does makes no difference other than bankrupt people. Where will you take the 800bio from and worse , you have no credible plan to move from fossil fuel to green energy, you just outlaw fossil fuel before green energy is ready. That is just stupid and ignorant. On a different note. Your Carbon footprint is a lot worse than any Brit so maybe time to live by what you preach rather than a jolly up in Brazil

Hassett calls the FED Partisan because it does not suit the narrative but the same time talking about 4% growth next year and growth out look fantastic so if so.... why would you expect the FED to continue to cut rates aggressively.... make your mind up, either you do NOT believe in the growth outlook you try to sell OR you have no clue on Monetary Policy.... !!

So you are on your 33rd overseas trip in just 16 months as Prime Minister by attending the annual jamboree of hypocritical virtue - the COP30 climate conference in Brazil. As well as ripping up trees in the Amazon rainforest to build a 8 mile highway to COP30, hundreds of delegates will arrive on private jet to tell us plebs how to save the planet. Oh and btw, according to the Office for Budget Responsibility, net zero will cost more than £800 billion in public money over the next two decades.

Utterly delusional. The Office for Budget Responsibility has estimated that net zero will cost £800 billion of UK public money over the next two decades. We simply can’t afford this and it won’t make a blind bit of difference in ‘saving the planet’.

GBPUSD 4h Today we do not need a monthly or a daily chart…. we have seen the real big downside levels…. we did NOT print 1.3000.. so the barrier protections worked for now… and same as in the EUR… stronger US data did not do anything but started the bounce… and as I type, we are just hitting the 1.3065-75 pivot area… an area that would NEED to break to take CBL higher… still feels only a break of 1.3140 would really reduce downside risks…. BOE meeting today at 12.00….. consensus is still set at no cut…. while a few of the big banks shifted to a November cut call… this is going down the wire and the first time in a very long time that we do NOT know what will happen….. feels Bailey has the casting vote….. The Times wrote an article yesterday that said , the BOE gains credibility if they do not cut as it would hurt GBP etcetc… I did write to them and kindly disagree…the story has moved on… GBP is weak because of stagflation risks…. And the No hope risk…. with incoming hawkish tax hikes… the last thing we need is a hawkish BOE… as now is the time for the BOE to recognise that stalling rates or even rate hikes (just as an example) do not bring Service inflation down… but what we now need is somebody to take care of growth… the Government seems NOT to do it… so the BOE has to… so I would not be surprised that after a kneejerk sell on a Cut.. that GBP might actually recover and give it the benefit of the doubt. Range to start the day.. 1.3000 vs 1.3075…. break of 1.3075 would open up 1.3140 again where the real level sits…

Not quite sure that is the right way to read it.... GBP has been under pressure from all the tendencies of Stagflation with the abysmal growth we have and with a hawkish Budget incoming, that will not get any better.... Fact is also that Rate hikes or keeping rates high does NOT help against Service Inflation nor food inflation so there one does bark up the wrong tree.... and if the economy remains as sluggish at it is.. it might take care of the one inflation impact rates do target.... Maybe we start to see a new problem that Monetary policy in its current form might no longer be fit for purpose BUT while GBP could see a kneejerk sell.... the positive element of lower rates could create some hope... hence why I feel the BOE will NOT gain credibility but could lose it all when things go horribly wrong.... so I am not on board with what you say.. just my 2 Cents @dsmitheconomics

What was your point about today's Press Conference where you said absolutely nothing of substance but blamed everybody else but yourself. How long do you think can you blame the Tories, and speaking of which.. you never really showed us that 20 Bio Black hole and how come it is now even bigger than back then given you have done such a marvellous job ?? You are not reading the room... you hammer the economy with even more taxes that will give you NO growth in return but you seem to have money for all the things nobody asked for.... Chagos, Net Zero and the rest you know yourself ... maybe when the Credit Card is maxed out... you should start to cut spending..... as you might not always get a Limit increase or a Balance Transfer.... and before I forget.... YOU CANNOT TAX YOURSELF TO GROWTH.. maybe print this as a sticker for Budget Day

The last budget Reeves raised £30B in taxes and £40B of extra borrowing to fill the fantasy £22B blackhole so how have we ended up being another £30B short?

What was the point of that speech. Saying nothing other than blame everybody else but herself , then answering no questions. The level of incompetence on show was striking and it seems GBP feels same about it. You CANNOT TAX yourself to Growth. Somebody should explain this to the Chancellor

What was the point of that speech. Saying nothing other than blame everybody else but herself , then answering no questions. The level of incompetence on show was striking and it seems GBP feels same about it. You CANNOT TAX yourself to Growth. Somebody should explain this to the Chancellor

Same old , same old... how long does she want to blame past Govt... the same boring 20 bio black hole she inherited while she never showed it to us but what we do know .. thanks to this Chancellor, we have a 40 to 50 bio Black hole.. no wonder she does not want to believe the OBR... This Govt wastes money in the wrong corners of the economy and does not understand that YOU CANNOT TAX YOURSELF TO GROWTH... please, please.. can somebody make her understand that.. and btw.. what was the point of the speech if she does not answer questions... was she worried that she had to address the City... not that she has a 2022 moment?..... we have seen a Chancellor that blames everybody else but herself.... and days of Media training have made no difference... she did come across as incompetent as she truly is. Ignoring feedback from businesses, people that run multi Bio companies.. but she feels she knows better... maybe she shall start to think WHAT working people are.. as the Labour party seems to have forgotten that...

Vibes

It hurts to watch her Press conference... incompetent comes to mind!

Good god - Reeves is sooooooooooooooo bad at trying to give an impressive sounding speech. You just know that she's been coached for days on this. Utterly pathetic stuff.

Or name it by the real name... NOT US Companies but the US Consumer pays for tariffs... one day, they might figure it out that the entire Tariff story is a big , fat lie

Dear Mrs Reeves, if you would bother to look very hard... there are easily 30-40 Bio you could find by cutting spending on some of the most ludicrous plans be it Net Zero or some other very poor ideas of Labour... we seem to have money or everybody else just not for the citizens of the UK . You should take a lesson on who hard working people are... also.. due to the budget being so late.. the economy is just paralysed, worried where you come knocking... a real disgrace from a Government that seems to be absolutely clueless Reeves considering ‘more than a hundred tax and spending plans’-the Independent.