Tag Liz Truss

Blain’s Morning Porridge Brexit Economy Financial Crisis UK

There is a Canker in Britain that has seized the minds of Government. Time to remove it.

Something is rotten in the state… A deep rooted canker underlies the current crisis. Removing it will give the UK a real chance at some kind of Brexit Bonus, Growth and Prosperity. But we have to change, and change utterly.

Conservative Party, Labour Party, Liz Truss, UK Economy
Bill Blain
October 20, 2022
14

Blain’s Morning Porridge Market Crash UK

The UK: Out the Unfunded Spending Fire and into the Austerity Frying Pan

If you thought Unfunded Spending was a bad idea, don’t be fooled Austerity is going to be any more successful. It’s Anti-growth, regressive and will push the UK into deep recession, but about the only policy option left open to the discredited Tories.

Anti-growth, Austerity, Jeremy Hunt, Liz Truss
Bill Blain
October 17, 2022
8

Blain’s Morning Porridge

Jeremy Hunt? Really?

Morning Porridge Extra. Jeremy Hunt? Really? Jeremy Hunt is the UK’s new Chancellor. Is he the answer to chronic miscommunication,…

Jeremy Hunt, Liz Truss
Bill Blain
October 14, 2022
1

Blain’s Morning Porridge Bank of England Government Sterling Crisis UK

Adults Back in the Room. U-Turn Opportunity for the UK.

Budget U-Turns and a P45 should take the edge of the UK’s Financial Woes for a few days, but the big question is what comes next, and who should iterate the New New Conservative Thang. It looks like we have Adults Back in the Room!

Budget, Kwasi Kwarteng, Liz Truss, Rishi Sunak, Sajid Javid, U-turn, UK Politics
Bill Blain
October 14, 2022
9

Blain’s Morning Porridge Bank of England Economy Government UK

Part 1 – UK Riven by Internal Dissent! How Close to Dysfuntional is it?

The headlines could not be bleaker in terms of open political plots within Government and The Bank of England undermined internally and externally. This is how nations fall – this is not what the UK deserves.

Andrew Bailey, Bank of England, Kwasi Kwarteng, Liz Truss, Tories
Bill Blain
October 13, 2022
16

Blain’s Morning Porridge Capitalism Economy Energy Gas Political risk Politics UK

The UK Fire Sale Highlights National Value, And Time For Change to Monetise Our Value!

The UK is not bust or broke. Smart investors are actively looking for bargains in the wake of the Trusster**ck. Its time for change to monetise the value of the UK for the UK!.

Conservative Party, Gazprom, Kwasi Kwarteng, Labour Party, Liz Truss, Nordstream, Russia, UK Political Cycle, Ukraine
Bill Blain
October 6, 2022
2

Blain’s Morning Porridge Bank of England Political risk UK UK Debt

Thank the Lord for the Bank of England!

The Bank of England averted a run on the UK’s investment institutions yesterday. Chancellor Kwarteng is unlikely to thank them for their calm competency and credibility. The Bank’s intervention has triggered a global rally as the market now expects more central bank support.

Bank of England, Gilts, Kwasi Kwarteng, Liz Truss, Sterling
Bill Blain
September 29, 2022
16

Blain’s Morning Porridge Bank of England Government UK UK Debt

The UK’s Monumental Policy Mistake – how bad will it get?

What a mess. Kwasi Kwarteng’s Special Fiscal Operation failed to stabilise UK markets and has zero prospect of driving growth. The new government stumbled at the first jump. How bad will it get? What are the implications? Who is next for the Chancellor’s job?

Gilts, Kwasi Kwarteng, Liz Truss, Sterling, UK
Bill Blain
September 26, 2022
17

Blain’s Morning Porridge Capitalism Government Policy Politics UK

The New Truss Trickle-Down Economic Plan Won’t Work, But Might Boost Markets

The new Truss/Kwarteng grand plan to create a UK High Growth High Wage economy boils down to trickle-down economics, which simply don’t work. They won’t restore the economy, but they may, perversely, boost markets.

Kwasi Kwarteng, Liz Truss, Trickle Down Economics, UK Economy
Bill Blain
September 21, 2022
8

Blain’s Morning Porridge Currencies Debt Economy Government Government Policy Political risk Politics UK UK Debt

UK Grieves as the Economic Crises Approach

As London grieves we’re not paying much attention to politics and markets – but we should. The outlook is deteriorating. Confidence is declining and will likely get worse if the new government’s lack of awareness and sensitivity continues.

Debt Management Office, Kwasi Kwarteng, Liz Truss, Virtuous Sovereign Trinity
Bill Blain
September 15, 2022
17

Higher for Longer – Markets Could Struggle With the New Reality
September 22, 2023
The Bank and The Fed have served notice they will remain vigilant – higher for longer! Markets would be wrong to expect early easing. Wage Inflation and Energy remain very real threats over the medium term – it may trigger volatility as markets understand the new reality.Read More »
Debt is Not The Problem – Economic Management Is.
September 21, 2023
Many market participants fear the rising quantum of Government Debt spells crisis across the globe. Tush and Nonsense. Debt is not the problem – markets exist to price risk. The crisis lies in economic management, and Political Risk!Read More »
U-Turn on Net-Zero Raises Serious UK Market Risks
September 20, 2023
Rishi Sunak’s U-Turn on Net Zero is politically expedient, but raises serious long-term questions about the investibility of the UK economy and its place in the world, but… hey, it might just win them some votes (just don’t let your kids know!)Read More »
The Market has no Memory when it comes to Bank Capital
September 19, 2023
It’s International Talk Like A Pirate Day, which will make it interesting for UBS trying to persuade once-bitten, twice-shy investors to buy new AT1 CoCo Bond after what happened to Credit Suisse investors.. “Arrr… You know it makes sense, young Jim-me-lad… Shiver-me-timbers… “Read More »
Why the UK? Things are going to Get Interesting
September 18, 2023
It’s been a “meh” year for the UK markets, but they’re marginally up on the year. The outlook for a rusted economy, crashing discretionary spending, and an imminent housing collapse looks bad. As the UK electoral cycle kicks into high gear.. markets are in favour of change.Read More »