rates, is that not the reality? what happened last week rates, is that not the reality? what happened last week was rates, is that not the reality? what happened last week was a - rates, is that not the reality? wusgt happened last week was a reaction to the trust government. liz truss government. if you looked at what happened over bond yields in that period, when she preannounced her corporation tax captain, we didn t see a big change, it was during the mini budget, across the world there was a clear understanding of what on earth she was doing. she didn t have a democratic mandate. she had sacked a democratic mandate. she had sacked a senior treasury civil servant and refused to look at economic forecasts. that does not give anybody faith that she was competent. that competency premium has fallen further back down since she left office. it was a reaction to incompetency. we take a hard headed look at the finances and say, ok, where can i get a return? that is the best way forwar