This is pathetic. A cost of living crisis and the most important things to do are:
- End banker bonus caps
- Cutting National Insurance, which only the better off pay
- Ending the highest rate of income tax, which surprise surprise, who pays?
And he didnāt allow the Office of Budget Responsibility to have a look at the impact of this budget as they usually do.
I wonder why.
Markets are jumpy
The Pound is taking a pounding which shows markets are concerned about the level of additional borrowing which will be required to make this budget āworkā.
Just the height of irresponsibility/incompetence.
Ouch!
I think we can all agree with that.
Graphs can look awful if you set the scales correctly.
Take your pick then:
Thatās world commodities. All things being equal the pound in your pocket now buys 18.98% less since this time last year. Many people havenāt had that much in pay increases in the last 10 years.
No question thereās been a constant decline. As a frequent traveller to the US, makes me want to cry.
Labour would be much worse though 
Just imagine how much worse it would be if we hadnāt had the Queenās funeral, huh?
Iāll admit I really expected a spike after all the pomp. Was expecting quite a good jump (although after 23 years of marriage I should know better)
Donāt worry; the benefits of the 39% pay rises FTSE 100 executives have enjoyed over the last year will soon trickle down to the rest of us.
In other news:
Genuine question - why would it have provided a jump? The tourism factor or just because of the occasion itself?
Have I missed some other news? FTSE is in freefall:
