UK budget – to those that hath shall be given

A shock-and-awe, tax-cutting budget from new Chancellor Kwasi Kwarteng may have favoured the wealthy but it has seriously spooked the markets and sent the pound plummeting. Even the Financial Times describes it as a ‘gamble with economic stability’ with tax cuts amounting to 2% of GDP and no concern for the impact on public finance debt.  “This government may be indifferent to painful reality. But reality usually wins in the end.”  Inside Westminster there is eq