This is serious. Kwarteng has signalled that more tax cuts are to come, a move that has completely spooked the markets and investors. Looks like the Bank of England will have to do an emergency hike in interest rates to control inflation. I hope all those mortgaged middle-Englanders who voted Tory are happy now. On Friday afternoon, the tax cuts were described as "a gamble." It's only Monday morning and it's crystal clear that the gamble has failed. But will he U-turn? Why, of course not!