The Market Reaction

The markets weren't expecting a 45% cut. That was the big shock, right? I think what it showed was a signal that the government does not have a cohesive plan to pay this money back. The people who actually stopped them from doing it were traders in Canary Wharf. We should have made it clear to everybody that that is not a viable strategy. You cannot give everything to the rich and expect not to be poor.

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