Blanchflower: Markets Unsettled by Political Shenanigans

The video discusses the market's reaction to recent political decisions, highlighting significant volatility and uncertainty. It emphasizes the importance of not overreacting to short-term signals and the need for political stability. The discussion also covers the lack of a clear government plan and the potential economic impact, drawing parallels to the 2008 crisis. The role of the Bank of England in providing liquidity and the importance of a parliamentary debate on the consequences of political decisions are also addressed.

Why is it important for Parliament to debate the consequences of the recent decision?

What role does the Bank of England play in the current economic situation?