When PM Jim Callaghan & Chancellor Denis Healey called in the IMF to bail the country out in December 1976; well that was nothing short of a catastrophe!
David Buick is LBC's Markets Commentator When PM Jim Callaghan & Chancellor Denis Healey called in the IMF to bail the country out in December 1976; well that was nothing short of a catastrophe! When Liz Truss threw caution to the wind with her wild and unaudited plans for rejuvenating the economy, her audacious plans rattled the cage of the Gilt market, thus adding credence to Labour’s acerbic allegations that Ms Truss trashed the UK economy.
Investment plans and commitment, so desperately needed to support aspiring businesses and infrastructure projects, much of it has gone on hold. Companies have lost the appetite for risk. They cannot see the rewards in the immediate future, which could result in unemployment increasing.Mrs Reeves needs to provide a few “tasty sprats to catch a few mackerels!” before it is too late.
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