Rishi Sunak’s Spending Review is one of those budgets (which this was, in all but name) that was always destined to go wrong. After all,
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As I mentioned recently, video production has been a bit bumpy of late. So we’re going to do them slightly differently for a bit, using
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The language surrounding government bonds confuses many. So too does their use. QE just makes everything more complicated. So, some explanation is required.

Quantitative easing is not widely understood, but sometime soon will have funded (albeit, indirectly) almost £900 billion of government spending. It will have done so
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Savers hate low interest rates. The rest of the economy cannot survive with anything else. This is why I think low interest rates are here
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QE is being much discussed. I anticipated this earlier this week and made this explanatory video:

Videos are back. Mark is feeling better. My sense of pessimism about the government’s response to the crisis that we face continues, however:

A rating agency thinks that the UK is out of control and that’s a reason for them to downgrade UK government debt. Right now the
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Some people say that words don’t matter. Others might say that playing around with them might not change much when we’re in a total mess.
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