Chancellor Kwarteng (and government?) taken out by Pension Funds

Clancy, John (2022) Chancellor Kwarteng (and government?) taken out by Pension Funds. Birmingham City University, Centre for Brexit Studies Blog.

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Abstract

The funds and their advisers learned nothing from 2008 and went to the Casino again – this time with £trillions. Kwarteng should have seen the express train coming down the track towards him. Did he?

Remember those words which everyone (outside the financial markets) learned for the first time in 2008 – Swaps, Credit Default Swaps, Derivatives, Leveraging, Hedging, Repos, Collateralised Debt Obligations, Margin Calls? Most of us have probably forgotten what they were. Probably Kwasi Kwarteng had, too. Because they took him out.

Item Type:	Other
Dates:	Date Event 19 October 2022 Published Online
Uncontrolled Keywords:	Centre for Brexit Studies, CBS, Brexit, BCU, EU, European Union, UK, Birmingham City University, UK Government, UK politics
Subjects:	CAH15 - social sciences > CAH15-03 - politics > CAH15-03-01 - politics
Divisions:	Research, Innovation, Enterprise > Centre for Brexit Studies
Depositing User:	Gemma Tonks
Date Deposited:	21 Oct 2022 10:50
Last Modified:	21 Oct 2022 10:50
URI:	https://www.open-access.bcu.ac.uk/id/eprint/13686

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