welcome to the programme. amid the turmoil in uk markets this week, the chancellor met the us banks today and was told in no uncertain terms that his budget which he has planned for november is way too far away . the government needs to communicate much sooner, said the banks, on what the solution will be to the problem the city believes they created. it has been another chaotic day on the markets. this morning, the bank of england performed a screeching u turn, putting the brakes on its plan to sell government bonds and instead launching a new scheme to buy them. think of it as a form of digital money printing. the bank is creating funds to to buy bonds which the government issues to borrow money. and this is why. since the mini budget, the cost of government borrowing long term has shot up. it was spiralling above 5%. that s a 20 year high. we have seen rises in the last two days that would normally take years. the bank of england is buying up the debt, in essence creating
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the inflationary pressures and best attempt to really decrease the inflationary pressures on - and best attempt to really decrease the inflationary pressures on the i the inflationary pressures on the american the inflationary pressures on the american consumer, the inflationary pressures on the american consumer, whether. the inflationary pressures on the | american consumer, whether it s the inflationary pressures on the i american consumer, whether it s on the grocery american consumer, whether it s on the grocery store american consumer, whether it s on the grocery store shelf american consumer, whether it s on the grocery store shelf or american consumer, whether it s on the grocery store shelf or like - american consumer, whether it s on the grocery store shelf or like i- the grocery store shelf or like i said the the grocery store shelf or like i said the gas the grocery store shelf or like i said the gas pump, the grocery store shelf or like i said the gas pump
now your shorts are so through dos i still see the years i spent in new york rummaged twenty four to thirty six. i had some of my most important experience of going. through that period i learned a lot about art and contemporary thought chase each other i had seen you know you put new york is also a very long the city and i wasn t always happy. there for i was actually. i had no money chair you know i could hardly speak english in mail it was pretty hopeless.