Priced in.

The fall in the value of the pound means the markets have already priced in what they think of this government. But not necessarily everything that the government might do.

That is why the Chancellor’s statement today will be very carefully watched, and why the government’s actions will be under the microscope.

Sacking the head of the Treasury, when you need all the help you can get, attempting to lean on the Bank of England when its independence is a massive asset and silencing your own fiscal watchdog the OBR when its analysis is respected; is stupid.

But for this increasingly paranoid government it all makes sense. After all, it is right and anyone who criticises it is rocking the boat, betraying the country and is responsible for any and all failures.

This is the language and the actions of a government that is losing any sense of common sense, probity, fiscal responsibility, let alone of checks and balances.

The ideologues have taken over and the swivel eyed loons have their hands on the purse strings. Have the markets totally priced that in?

I doubt it.

Jonty’s Jottings

Economics, trade and Brexit, not necessarily in that order but the dog always comes first.

By Jonty Bloom