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Published 1 year ago

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.

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The IndependentThe 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’

1 year ago·London, United Kingdom
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Daily ExpressDaily Express

UK was ‘hours’ from financial meltdown after Truss’s mini-budget

Chancellor Jeremy Hunt today pledged to "fix" the chaos he and Rishi Sunak have inherited from their predecessors.

1 year ago·United Kingdom
Read Full Article
CNBCCNBC

Watch Governor Andrew Bailey speak after the Bank of England's rate hike

Bank of England Governor Andrew Bailey is speaking at a press conference following the U.K. central bank's latest monetary policy decision.

1 year ago·United States
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Metro NewsMetro News

UK economy was 'hours away from potential meltdown' after Truss's mini-budget

The chief of the Bank of England has revealed just how close the UK came to a rout that could have devastated people's pensions and savings.

1 year ago·London, United Kingdom
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Shropshire StarShropshire Star

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

The Bank of England Governor said the Bank had to step in ‘quickly’ and ‘decisively’ to mitigate a ‘very real threat to financial stability’.

1 year ago·Ketley, United Kingdom
Read Full Article
Evening StandardEvening Standard

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

The Bank of England Governor said the Bank had to step in ‘quickly’ and ‘decisively’ to mitigate a ‘very real threat to financial stability’

1 year ago·London, United Kingdom
Read Full Article
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