No U - Turn of the Mini Budget - UK Treasury

This blog is not an economist - 

Sky News - Live Blog: Reports in its 3.45pm post the following, " No 'reversal of policy' and chancellor won't quit - Treasury stands firm on mini-budget....There "won't be any reversal of policy" when it comes to measures announced in last week's mini-budget, a Treasury source has told political editor Beth Rigby..."

Lets Get Real:

A new Conservative Government does a actual Conservative Budget and the City goes bonkers, the Liz Truss Campaign for leadership promised reform to the economy, well the new PM has followed through, cut taxes that allow the economy to grow. Conservative MPs got rid of Boris, they cannot get rid of Liz Truss after a few weeks, the Party would never recover, those new MPs from the 2019 intake, really have to calm down, and those that supported the former Chancellor have to accept the FACT that he lost and and any new leadership contest would make sure the Party would not get re - elected in 2024.  These new MPs would have not lasted long in the early years of the Thatcher Government, they are always rebelling over something, how are these people picked, they have NO balls to be very honest.  The PM and the Chancellor should carry on, they are doing what they were elected to do, reform the UK Economy, that takes TIME, the Bank of England can buy UK Bonds to calm down the Market, what would have Lady Thatcher have said!! 

Nord Stream 1 & 2 pipelines Sabotaged - EU

BBC News: Reports " The EU has said leaks in two major gas pipelines from Russia to Europe were caused by sabotage - but stopped short of directly accusing Russia.  "

Lets Get Real:

Thus the West has Russia in the FRAME for the leaks in the Nord Stream pipelines 1 &  2, the operation is complex at that depth, either the Russians sent expert crew down to place the explosions or they sent a bomb through the pipelines, either way it benefits Russia, the Kremlin will want to divert attention from the 4 referendums in the Ukraine that will allow Russia to annex 15% of the Ukraine.  The question why would the Russian sabotage their own pipelines, that is easy, there is no gas going through them at the minute, the Russians want the West to have extreme economic pain when it comes along, they can say, if the West had not placed on sanctions on Russia, then the Russians would have made sure that no accidents happened to the lines, thus making the point, if you want gas for the winter, for individuals and business you have to play ball with the Kremlin.  One can expect the French, Germany, Italy to buckle, there people from individuals and business need Russian Gas while they look for gas in other areas.  Thus the Kyiv Government will come under pressure to do a DEAL with Putin, the question is will the US and the UK back Ukraine, it could be a very cold winter.