Oh dear. Jacob, seeing the OBR, the Treasury and the BoE have been proven to be correct, this is one of those moments where it's better to remain silent and be thought a fool than to tweet and remove all doubt...
I had a long discussion with a radio producer yesterday on what I thought was wrong with the Autumn Statement. We discussed the numbers but what I said is most important is not what was said, but what was not. That’s where the frightening bits are. A thread…..
With Labour polling 50% MR Sunak should now decide when he will sack the Chancellor & put Mr Redwood in his place. He should call for the BoE Governor to go & reform the banks mandate. He should abolish the OBR & put in place an Economic Advisory Cmmtt aligned to growth.
The issue of paying #interest on central bank reserves has come up again after today’s UK public finance data included the first of many payments from the Treasury to cover losses made by the BoE’s Asset Purchase Facility (the APF).
HOLY SHIT OKAY SO LOCKED TOMB the 3 furies are alecto, tisiphone, and megaera alecto is anger, got it TISIPHONE IS AVENGING MURDER TISIPHONE ~ CTESIPHON BOE IS AVENGING THE 10 BILLION megaera is jealousy, so who or what could be megaera? maybe jod? or the resurrection beasts?