The Plot Against Britain

It is hard to avoid the suspicion that parts of the media were desperately hoping to engineer a Liz Truss moment last week out of partisan hatred of Labour. Fortunately the markets aren't stupid

Photo by Peter Thomas on Unsplash

There was something troubling about the reaction of parts of the British media to the government’s budget this week. Some relatively minor volatility in the bond markets that partly reflected global factors and at no point was outside the typical range of market moves in response to a major fiscal event was presented by much of the media as if the country stood on the brink of another Liz Truss moment. It is hard to avoid the suspicion that some were rather hoping for exactly that.