Birdwatch Note Rating
2024-01-31 15:07:33 UTC - HELPFUL
Rated by Participant: F7959EAA88A97C16F8CD143274572E67B7EE6CA580E6EA03EC6CA1ABB864B6DF
Participant Details
Original Note:
It is not an "obvious lie" that Truss' budget caused mortgage spikes. The mini-budget directly led to 40% of all mortgages being withdrawn from the market, a fall in the value of the pound against the dollar to an all-time low, and rare direct criticism from the IMF. https://amp.theguardian.com/business/2022/sep/29/mortgages-withdrawn-housing-market-mini-budget-lenders-economic-uncertainty https://markets.businessinsider.com/news/currencies/dollar-vs-pound-uk-tax-cuts-mini-budget-inflation-truss-2022-9 https://news.sky.com/story/amp/imf-warns-uk-against-mini-budget-that-will-likely-increase-inequality-12706612
All Note Details