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BREAKING BANK OF ENGLAND BAILS THE UNITED KINGDOM OUT

 
Anonymous Coward
User ID: 76051083
United Kingdom
09/28/2022 07:33 AM
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BREAKING BANK OF ENGLAND BAILS THE UNITED KINGDOM OUT
The bank said their actions would be carried out on "whatever scale is necessary" to stabilise the UK economy.


so much for the right wing free market



he Bank of England (BoE) has announced it will be carrying out "temporary purchases of long-dated UK government bonds" in a desperate attempt to stabilise the UK economy after Kwasi Kwarteng's mini-budget announcement last week sent the value of the pound plummeting. Last week's announcement led to investors demand a greater rate of return for UK government bonds - which essentially act as IOUs - after the level of borrowing equired to fund the giveaway, priced at $45bn, including tax cuts and energy aid for households and businesses, shocked the market.


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Anonymous Coward
User ID: 84279344
France
09/28/2022 07:48 AM
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Re: BREAKING BANK OF ENGLAND BAILS THE UNITED KINGDOM OUT
Depleting the pound to oblivion, thus taking over every public assets.
Anonymous Coward
User ID: 84043073
Guatemala
09/28/2022 07:59 AM
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Re: BREAKING BANK OF ENGLAND BAILS THE UNITED KINGDOM OUT
They are doing everything to keep usa economy going, which dominates all of the federal reserve run economies.
All The Things
User ID: 77934563
Finland
09/28/2022 08:01 AM
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Re: BREAKING BANK OF ENGLAND BAILS THE UNITED KINGDOM OUT
Monetize everything, Mortimer!

MONETIZE ALL THE THINGS!!!

scream
Anonymous Coward
User ID: 83886745
09/28/2022 08:26 AM
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Re: BREAKING BANK OF ENGLAND BAILS THE UNITED KINGDOM OUT
The pecking order must be maintained

It can never adjust or fall…..those on top right will use fraud and schemes to remain on top of the pecking order

Lol they gonna get torn apart





GLP