Corbynomics guru Richard Murphy has taken a break from his new campaign to “say yes to the power of the state” to provide his wisdom on the latest gilt market meltdown on BBC Radio 2 today:
“This is not a crisis. I actually think this is a Musk moment. I think that Musk at the weekend called for people to bring down the UK government and city traders tend to be quite keen on Musk and I suspect they’re having a little game, seeing how much trouble they can cause for Rachel Reeves. I genuinely really rule out that possibility, that this is a coordinated attack on Labour out and it’s entirely possible that they can play such games.”
It is quite difficult to co-ordinate free markets. That’s the point…
Lord Khan in the Telegraph: “I hope, and I say this in a non-pompous way, that the public service I do will bring rewards in this world and the hereafter,” he says. “I’m hoping the work I do is earning me Brownie points.”