UK 'hours from potential financial meltdown' after Liz Truss mini-budget, says Governor of Bank of England

Summary by Ground News

Bank of England forced to step in "quickly" and "decisively" to mitigate a "very real threat to financial stability" Markets were spooked by the calamitous tax giveaway. Bank intervened in direct response to the previous administration's ill-fated tax-cutting strategy in September.

Published 3 months ago · London, United Kingdom

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The Independent

UK was ‘hours’ from potential financial meltdown after mini-Budget, Bailey confirms

Andrew Bailey said Bank had to step in to mitigate a ‘very real threat to financial stability’

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Daily Express

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Metro News

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