Kwasi Kwarteng’s market meltdown
Political Fix
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The Bank of England's £65 Billion Induction Into the Market
The Bank of England has injected £65 billion into the British bond market. The move was prompted by deep concerns about stability in pension funds. But it came as a surprise to many, who thought Treasury would have been on the phone telling them what was going on. It also makes it look like the bank is having to bail out the government for making a mess and that's bad internationally.
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