reporter: so 33 conservative lawmakers did not vote at all as they were supposed to and so now the british press association is reporting that they will potentially face disciplinary action from their own party if they don t have a good excuse so, again, one more sign, christine, liz truss seems to be losing control of her own government. is there more stability in markets at least? remember, her early plans crashed the pound and caused all kinds of chaos in the debt markets. yeah. so the pound took another hit yesterday on news of this chaos. of course, as you well know, christine, markets like stability and this doesn t look like stability. even the foreign secretary said just the other day that, look, we need to look like we re interested in people s problems right now given inflation, given all of the problems with the cost of energy and if we re playing these political games and trying to potentially boot
/PRNewswire/ Middle market private companies in the Golub Capital Altman Index experienced year-over-year revenue growth of 12% and earnings decline of 2%.
with the biggest tax cuts in half a century led to havoc on currency markets, more importantly on debt markets, and then within days, led to a tidal wave of interest rate rises reaching every corner of the economy. in an emergency statement, the bank of england said, were dysfunction in this market to continue or worsen, there would be a material risk to uk financial stability. it said it was seeking to restore market functioning and reduce any risks from contagion to credit conditions to uk households and businesses. this explains the intervention. since the mini budget, the effective cost of borrowing long term for the government has shot up and was spiralling above 5%, a 20 year high. these were rises in two days that would normally take years, increasing the cost of borrowing for the government and everybody. the bank of england intervened today, buying up those debts
last week s widely criticised mini budget unveiled by the chancellor has been followed by a collapse in the pound and a sharp increase in the costs of government borrowing. our economics editor faisal islam has the latest. what started as an attempt to grow the economy with the biggest tax cuts in half a century led to havoc on currency markets, more importantly on debt markets, and then within days, led to a tidal wave of interest rate rises reaching every corner of the economy. in an emergency statement, the bank of england said, were dysfunction in this market to continue or worsen, there would be a material risk to uk financial stability. it said it was seeking to restore market functioning and reduce any risks from contagion to credit conditions for uk households and businesses. this explains the intervention. since the mini budget, the effective cost of borrowing long term for the government has shot up and was spiralling above 5% a 20 year high.