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Transcripts For BBCNEWS BBC News at Six 20240707

self inflicted, sometimes there is an economic crisis because of world events that can t be predicted. this is self inflicted, in downing street, with that budget. we ll have more on the bank of england s emergency intervention, and whether it s likely to work. also on the programme. an investigation by bbc panorama exposes what s described as a toxic culture at one of the uk s largest mental health hospitals. and, the people of florida are bracing theselves for one of the worst storms in the state s history. and coming up on the bbc news channel. the latest from lahore, as england take on pakistan in their fifth match of a gripping t20 series the sides locked at two matches each. good evening. it s been another day of instability on the financial markets, as concern deepens about the prospects for the british economy. last week s widely criticised mini budget unveiled by the chancellor raise laze been followed by a collapse in the pound and a sharp increase in the cost of

Transcripts for BBCNEWS BBC News at Six 20240604 17:08:00

import cos interest rate costs along size im-nortcos , ., , , import cost because we are buying from other countries import cost because we are buying from other countries we import cost because we are buying from other countries we have - import cost because we are buying from other countries we have to i import cost because we are buyingl from other countries we have to put our prices up, and, people out there haven t got more money to spend. 50 haven t got more money to spend. so this intervention staved off market turmoil, turning into the collapse of some types of pension fund. but in terms of growth, and the roots of this crisis, they are still there. let s get more from faisal now. just to lord myners why you consider this intervention by the bank to be so significant, and secondly, to ask about the likely impact of that policy. 50 about the likely impact of that oli . ,, policy. so it is significant, because policy. so it is significant, because it policy. so it is si

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