The Bunker – News without the nonsense cover image

Take a Chancellor on Me: Unpacking Kwarteng and Truss's Big Gamble

The Bunker – News without the nonsense

00:00

The Last Laugh Is on You

Sterling has recouped some of its losses, although it is going down again now. Guild markets are looking calmer and the foot is up a bit. It feels like markets are sitting on a cusp and are very fragile. The uncertainty that now prevails meant that they were unable to price products. So essentially, you've closed this market off. But I think what we're seeing... there's another market that really matters. And it certainly appears that the housing market is really set to collapse. 1.6 million households who are going to have to refinance their mortgage from say 3% to 9 or 10. There are people who cannot pay their bills. We saw

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app