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Credit Suisse, UK Pension Crisis / News of the Money-World #49

NZ Everyday Investor

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The Markets Didn't React Well to Rupert's Tax Cuts

The UK is already running a deficit of about 67% of GDP. The markets immediately just said, hold on a sec, there is no way that you can afford to do this. There just is not enough money in the turn. And so as you can expect, the markets didn't react well - because they were told you got to trust us for seven or eight weeks before we explain how we're going to be able to pay for this.

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