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