Another day and another announcement is expected from the chancellor, this time about the timing of his Medium Term Plan for the economy. As Kwasi Kwarteng says, he is listening and the much awaited detail on his radical measures to boost Economic Growth will now come sooner, possibly this month. The government had previously insisted the fiscal plan would still be published on November The 23rd despite the market chaos that came with the announcement of the chancellors mini budget. On monday, he revealed a plan to drop the uks highest rate of tax for top earners would no longer go ahead and addressing his party conference, he acknowledged shortcomings in the initial presentation of his economic plans. Ifi if i can be frank, i know the plan put forward only ten days ago has caused a little turbulence, i get it, i get it. We are listening and have listened and now i want to focus on delivering the major parts of our growth package. Because with Energy Bill Skyrocketing and a Painful Cov
another day and another announcement is expected from the chancellor, this time about the timing of his medium term plan for the economy. as kwasi kwarteng says, he is listening and the much awaited detail on his radical measures to boost economic growth will now come sooner, possibly this month. the government had previously insisted the fiscal plan would still be published on november the 23rd despite the market chaos that came with the announcement of the chancellor s mini budget. on monday, he revealed a plan to drop the uk s highest rate of tax for top earners would no longer go ahead and addressing his party conference, he acknowledged shortcomings in the initial presentation of his economic plans. ifi if i can be frank, i know the plan put forward only ten days ago has caused a little turbulence, i get it, i get it. we are listening and have listened and now i want to focus on delivering the major parts of our growth package. because with energy bill skyrocketing and
reserve chair jerome powell announced that the federal reserve would be raising rates another quarter of a percent, as most expected, they would. he also reiterated what we ve heard a lot from the bite administration since the fall of silicon valley bank on march 10th. that americans should feel confident in the banking system. i guess our view is that the banking system is sound and it s resilient. it s got strong capital liquidity. we took powerful actions with treasury and the f d i c which demonstrate that all depositors savings are safe in the banking system is safe. deposit flows in the banking system have stabilized over the last week. um and the last thing i ll say is that we ve undertaken we re undertaking a thorough internal review that will identify where we can strengthen supervision and regulation. since march, 2022. the fed has raised rates in extraordinary amount of 475 basis points or 4.75% including this meeting. when the fed raises rates it makes borrowing more expens
announced that the federal reserve would be raising rates another quarter of a percent, as most expected, they would. he also reiterated what we ve heard a lot from the bite administration since the fall of silicon valley bank on march 10th. that americans should feel confident in the banking system. i guess our view is that the banking system is sound and it s resilient. it s got strong capital liquidity. we took powerful actions with treasury and the f d i c which demonstrate that all depositors savings are safe in the banking system is safe. deposit flows in the banking system have stabilized over the last week. um and the last thing i ll say is that we ve undertaken we re undertaking a thorough internal review that will identify where we can strengthen supervision and regulation. since march, 2022. the fed has raised rates in extraordinary amount of 475 basis points or 4.75% including this meeting. when the fed raises rates it makes borrowing more expensive for consumers, which lea