Lettuce might but UK bonds will go down sooner in all likelihood.
US Treasuries wont be far behind.
Truss made a heck of a bad move. She did it to favor the rich cronies. There was not a shred of honesty.
Given what I have been hearing on the BBC, the decisions about who leads the party are made by a committee of elderly, far right, types. If that is the case, the next candidate they put forward will probably have the same remit as Truss: throw money at the rich, at the expense of everyone else, as the Alex cartoon says. They will need to think of a different way to dress it up.
The noon news said a likely candidate is the former Chancellor of the Exchequer, who lost out to Truss on the last go around. Clips of him the Beeb showed a couple months ago made him sound fairly reasonable, but, regardless of his personal impulses, he will be subject to the same forces as Truss.
Meanwhile, if there is a general election, so that the government has some air of legitimacy, the Tory’s would be clobbered, so they are unlikely to allow an election to take place.
Steve
