Panic

Yesterday, a large proportion of UK pension funds were going to collapse. Leaving possinly millions without the retirement funds they would need in their old age.

That includes Jools and myself.

The Bank of England had to pump £65 billion ointo them to keep them viable, as the whole lot of them were not expected to last the day.

Neither the Prome Minister or Chancellor has spoken for six days.

This collapse and the intervention of the IMF came as a direct result of the "fiscal event"/budget.

The IMF, US and EU have expressed alarm at the unfunded policies, but the word out of the Treasury was that there would be no change.

This morning, the hyper-partisan press, especially the Torygraph, shrills Truss to keep on keeping on as their editorial believes the policies will work.

In the end.

Its funny how the Tufton Street Mafia, long champions of the free market, turn on it and call it left wing when the free market fails to have the faith Truss et al expect. While the Mail asks if the pension fund managers were taking risky gambles.

Remember, this is what happens when dogma meets reality.

Its the same attitude as with Brexit, and when reality wins out, its always someone else's fault.

Plus la change.

Its now a question of how long Truss can hang on and how much damage she and her Government will do.