I still don't believe that all this turmoil has been caused by some tax cuts that are relatively minor in the grand scheme of things.
Before the 'mini budget' we knew the Government were going borrow to fund the energy subsidy scheme which some said could cost up to £200 billion. We knew Truss and Kwarteng planned to cancel Sunak's stupid hikes in Corporation Tax and NI 'costing' around £40 billion and I think it's fair to say that the markets priced all that in.
What we are told to believe, is that the relatively minor tax cuts that were the surprise in the mini budget, scrapping the 45% top rate, raising the Stamp Duty threshold, scrapping IR35, bringing forward the 1% income tax cut by
one year etc etc are what spooked the markets despite a relatively minor 'cost' of around £8 billion, but probably less as some of those cuts would have delivered higher revenue.
Put that into context with the UK's national debt of around £2.4 Trillion it's just petty cash, but yes it spooked the markets!