at the last story eurovision at the last story eurovision bookings for liverpool which was named as the city to host your vision for next year, not surprisingly rates have gone up massively but more interestingly bookings have been capped so rates go up. i bookings have been capped so rates i o u . . ., bookings have been capped so rates to u, ., . , , bookings have been capped so rates to u. ., . , , ., go up. i am credibly delighted from liverool i go up. i am credibly delighted from liverpool i went go up. i am credibly delighted from liverpool i went to go up. i am credibly delighted from liverpool i went to university - go up. i am credibly delighted from liverpool i went to university there | liverpool i went to university there so it is liverpool i went to university there so it is a liverpool i went to university there so it is a fantastic little city, great so it is a fantastic little city, great exposure for the music beatles and others great exposure for the mu
these were rises in two days that would normally take years, increasing the cost of borrowing for government and everybody. the bank of england intervened today, buying up those debts in unlimited quantities, which brought down those interest rates, but they remain high. high interest rates mean the value of the government debt, an iou called a bond, decreases. for some long term loans, their worth effectively halved, with severe consequences for one sector in particular. this was a dramatic, surprise intervention by the bank of england to save a trillion pound corner of the pensions industry. ordinarily, these funds buy up government debts because they re safe as houses, no risks. but their value fell so rapidly in two days that they had to be saved in this way. but this also helps the government at a tricky time by finding a customer the bank of england for the tens of billions of pounds of debt that they
the bank of england intervened today, buying up those debts in unlimited quantities, which brought down those interest rates, but they remain high. high interest rates mean the value of the government debt, an iou called a bond, decreases. for some long term loans, their worth effectively halved, with severe consequences for one sector in particular. this was a dramatic, surprise intervention by the bank of england to save a trillion pound corner of the pensions industry. ordinarily, these funds buy up government debts because they re safe as houses, no risks. but their value fell so rapidly in two days that they had to be saved in this way. but this also helps the government at a tricky time by finding a customer the bank of england for the tens of billions of pounds of debt that they have to raise. so this is an emergency intervention, it is a crisis. and, whilst this will help buy some time, it doesn t solve the underlying problem,
in unlimited quantities, which brought down those interest rates, but they remain high. high interest rates mean the value of the government debt, an iou called a bond, decreases. for some long term loans, they were effectively halved, their worth effectively halved, with severe consequences for one sector in particular. this was a dramatic, surprise intervention by the bank of england to save a trillion pound corner of the pensions industry. ordinarily, these funds buy up government debts because they re safe as houses, no risks. but their value fell so rapidly in two days that they had to be saved in this way. but this also helps the government at a tricky time by finding a customer the bank of england for the tens of billions of pounds of debt that they have to raise. so this is an emergency intervention, it is a crisis. and, whilst this will help buy some time, it doesn t solve the underlying problem, which is the government s economic credibility
those interest rates, but they remain high. high interest rates mean the value of the government debt, an iou called a bond, decreases. for some long term loans, they were effectively halved, with severe consequences for one sector in particular. this was a dramatic, surprise intervention by the bank of england to save a trillion pound corner of the pensions industry. ordinarily, these funds buy up government debts because they re safe as houses, no risks. but their value fell so rapidly in two days that they had to be saved in this way. but this also helps the government at a tricky time by finding a customer the bank of england for the tens of billions of pounds of debt that they have to raise. so this is an emergency intervention, it is a crisis. and, whilst this will help buy some time, it doesn t solve the underlying problem, which is the government s economic credibility