Kwarteng’s “mini budget” released on Sept. 23 promised huge tax cuts and increased government borrowing, sending the pound and government bonds crashing on fears that it would further juice inflation at a time when prices are already rising at their fastest rate in about 40 years. That prompted the Bank of England to warn of a serious risk to UK financial stability and announce three separate interventions to avert a total meltdown that put some UK pension funds on the brink of default.
28 is due to expire Friday, leaving many market participants worrying that bonds could slump again — driving mortgage rates and other borrowing costs even higher — if the government doesn’t rapidly explain how it plans to pay for the tax cuts. Under pressure, Kwarteng has already brought forward his full budget statement to Oct. 31, more than three weeks earlier than planned. But investors may not be prepared to wait that long for reassurance about the state of Britain’s public finances.
She's ditched HIM.
UK dumpster fire keeps burning.
I hate you Liz Truss. La chute d'israel . Get out of Qods!! Egyptian prof expert.
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