After an earlier announcement sent markets into a tailspin, the prime minister and the chancellor are under pressure to restore fiscal credibility.
Tag: Bank of England
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Economists Nervously Eye the Bank of England’s Market Rescue
The Bank of England stepped in to save a critical market this week. Economists say it was necessary but also worry about the precedent.
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Britain’s Economic Experiment Stumbles at the Start
Prime Minister Liz Truss says a mix of tax cuts and deregulation is needed to jump-start Britain’s sluggish economy. Investors, economists and some in Truss’s own party disagree.
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Sleepy Corner of U.K.’s Pension Industry Forced the Bank of England’s Hand
Complex financial instruments that pension funds use to minimize the impact of interest rate changes led to the bond market rout.