u-turns. the pound rose against the dollar as well- dollar as well. the changes over the last few days. dollar as well. the changes over the last few days, the dollar as well. the changes over the last few days, the new dollar as well. the changes over the last few days, the new chancellor, l last few days, the new chancellor, have last few days, the new chancellor, have brought back most of the mini budget have brought back most of the mini budget measures, are a positive thing budget measures, are a positive thing in budget measures, are a positive thing in the sense that it reduces the amount of cost. but the uncertainty domains because now the credibility uncertainty domains because now the credibility of this government is really credibility of this government is really open to question. mr credibility of this government is really open to question. mr hunt may have done enough really open to question. mr hunt may have done enough by really open to question. mr
importantly the direct result. it is you importantly have - the direct result. it is you j importantly have changed the direct result. it is you - importantly have changed the the direct result. it is you importantly have changed the energy support scheme, or at least they are going to review it. it always struck me is extraordinary that he would say now you would provide this huge universal and massively expensive subsidy for two years. maybe it is all we could have done over this winter. surely we can do better next year. it is worth spending an enormous amount of effort and frankly an enormous amount of money coming up with a better scheme. just three coming up with a better scheme. just three weeks after it was announced amid great fanfare, large parts of liz truss tracks cutting strategy, the core of economic policy, lie in ruins tax cutting strategy. the question now is whether what her new chancellor has to offer will be enough to reassure investors here in the city of l
the question now is whether what her new chancellor has to offer will be enough to reassure investors here in the city of london and other major financial centres around the world. so far, the signs have been positive. the effective cost of government borrowing, which rose dramatically after the mini budget, fell sharply this morning, anticipating the government s latest u turns. the pound rose against the dollar as well. the changes over the last few days, the new chancellor, have brought back most of the mini budget measures, are a positive thing in the sense that it reduces the amount of cost. but the uncertainty domains because now the credibility of this government is really open to question. mr hunt may have done enough by now to reassure investors in the short term at least, but after the roller coaster ride sparked by the mini budget, as far as the markets are concerned, the government as a whole remains on probation.