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John Redwood called on the government to focus on calming bond markets and reducing UK borrowing rates. He suggested that the target should be to bring rates back down to the highest levels seen during the 2022 mini budget and Ukraine war, which were previously criticized.
Redwood's remarks highlight market concerns over the current direction of UK fiscal policy. The emphasis on borrowing costs underscores the importance of regaining investor confidence.
Redwood's focus on restoring stability aligns with his ongoing scrutiny of fiscal pressures, including the debate surrounding UK petrol taxes as oil prices surged—a topic addressed in his analysis of tax impacts amid volatile energy markets. His persistent calls for decisive government intervention are further reflected in assessments of delays to high-level meetings aimed at tackling soaring borrowing and energy costs, underscoring the urgency he attaches to regaining economic confidence.