Birdwatch Note Rating
2024-08-16 17:37:18 UTC - NOT_HELPFUL
Rated by Participant: 9D6CBE2CBF9678F77F222745D4F6A6381B3564D46CEC4661C2BCEC7A2826A2DE
Participant Details
Original Note:
The Truss budget did not crash the economy. First, there was a spike in interest rates but no crash. Second, the spike in interest rates was a result of the ldi crisis, largely due to Bank of England misregulation of pensions and raising interest rates prematurely https://www.seic.com/en-gb/institutional-investors/our-insights/ldi-crisis-stark-reminder-governance-diversification-and-risk-management
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