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Market turmoil in Britain, Bank of England steps-in | 7NEWS

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The Bank of England has stepped in to avoid further market turmoil in Britain. It announced a bond-buying scheme in a bid to calm the markets. The UK government introduced tax cuts last week which unleashed turmoil on financial markets. 7NEWS

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‘Dysfunction in this market’: Bank of England intervenes over ‘material risk’ to UK economy“Were dysfunction in this market to continue or worsen, there would be a material risk to UK financial stability,” the central bank said. | Rob Harris
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