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Why are borrowing costs surging?

Coffee House Shots

00:00

Rishi Cinec and the Bank of England

The Bank of England has lost so much credibility it's going to lose even more. The biggest single factor in Liz Trust's demise wasn't a mini budget, it was the pensions blow up. I worry that unless we're clear eyed about this then we might end up with the same problem again. What happens if UK yields keep creeping up to Liz Trust's levels? We risk stepping over the same landmine yet again.

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