RT @mikegalsworthy: A drop in Sterling this large is very significant because it makes our imports *more expensive*.
That means that it pushes basic cost-of-living higher, exacerbating the cost-of-living crisis.
AND it’s inflationary.
Kwarteng’s misjudgment has made for a much harsher winter.
🐦🔗: https://nitter.eu/LNethsingha/status/1573785044514127872