underperformed, other equity markets worldwide, in the last two or three weeks. find markets worldwide, in the last two or three weeks. two or three weeks. and all of those policy two or three weeks. and all of those policy decisions - two or three weeks. and all of those policy decisions in - those policy decisions in trussonomics were largely reversed byjeremy hunt, the new chancellor. he has the feeling of a modern technocrat brought in to clean up the mess and calm the nerves. to what degree hasjeremy hunt steadied the ship, do you think? the answer is the ship, do you think? the answer is he the ship, do you think? the answer is he has the ship, do you think? tue answer is he has steadied the ship, do you think? tte answer is he has steadied the ship. if you look at the reaction to liz truss a resignation yesterday, the market was extremely calm. sterling against the us dollar has stabilised at about 1.12. ten year gilt yields stabilised at around ten year gilt yields s
very difficult decisions after a difficult couple of years, its remains to be seen what impact that will have, it s early days but there are difficulties. riiiiit will have, it s early days but there are difficulties. are difficulties. gilt yields are trading lower, are difficulties. gilt yields are trading lower, the are difficulties. gilt yields are trading lower, the pound - are difficulties. gilt yields are trading lower, the pound is l are difficulties. gilt yields are - trading lower, the pound is going higher, the interest on government debt is coming down and the pound is stabilising, they are good directions. but statistically because of these u turns, your take home pay will be less, you will be paying more tax, and come april you will be getting less support on your energy bills. as mark was saying, and henrietta was saying, we will have less money but it is the price we pay for stability in their wider economy. how much stability will the liz truss interview with chris
to work with the prime minister. let s speak to susannah streeter, financial commentator and broadcaster from hargreaves lansdown. what are they doing? well certainly we have had what are they doing? well certainly we have had a what are they doing? well certainly we have had a reduction what are they doing? well certainly we have had a reduction in - what are they doing? well certainly we have had a reduction in the - what are they doing? well certainly we have had a reduction in the uk. we have had a reduction in the uk government borrowing cost. those gilt yields have come down. this is significant because i think the reason why we have this budget brought forward to today was because, on friday, those borrowing costs were shooting up again and the pound had fallen back. even though the replacement of kwasi kwarteng by jeremy hunt was meant to instill confidence, didn t look as though that was happening on friday, then we have had, clearly, emergency talks over the weekend and