19 October 2022

Headline of the Day

Quantifying Britain’s moron risk premium
Financial Times

This is, of course, about British PM Liz Truss, who is doing her level best to replace Boris Johnson with something even more bizarrely inexplicable.

Money quote:

Not a whole lot of value has emerged from the past month’s omnishambles, but one valuable development is the coining of “moron risk premium” — in short, the extra money the UK is paying to borrow because its leaders are a few sandwiches short of a tea party.

The Tories might want to replace her with someone better suited to leadership, like Larry, #10's official cat, officially the Chief Mouser to the Cabinet Office.

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