Will Nostalgia Kill the British Right? A yearning for the 1980s meets a very 21st century kind of European crisis.
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.
U.K. Borrowers React to Soaring Interest Rates in Mortgage Market The financial turmoil in Britain has led to soaring interest rates, prompting many lenders to withdraw products and stoking worry among homeowners about rising costs.
In an Echo of History, the British Pound Has Lost Its Dominance The Bank of England had to step in Wednesday after markets deemed a new government economic plan as unwise, but the pound has been on a longer slide.
Bank of England to Buy Bonds to Restore ‘Orderly’ Markets The purchases will be carried out “on whatever scale is necessary,” the central bank said.