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russia after the kremlin held unofficial referendums. referendums. the bank of england has stepped in to prop up the government bond market after uk interest rates soared and gilts tumbled following the government s mini budget. the bank warned the market s reaction to the government s measures now represented a material risk to uk financial stability. it says the market for gilts, in which the british government borrows, has become dysfunctional and threatens the finances of uk households and businesses. investors fear the big market moves are a particular threat to the uk s pension funds and threaten spill over damage across the financial sector. here s our economics editor, andy verity. ever since last friday, the bank of englands governor andrew bailey has been trying to resist taking emergency measures following kwasi kwarteng s huge tax cuts to be funded by borrowing. but now the cost of borrowing on financial markets has forced him to. in an emergency statement, the ba ....
where they are, let s keep them high to show financial markets that we are serious about fighting inflation and wait until it comes down before we loosen. of course the criticism here is that, and the bank s own analysis shows that, that it takes 1.5 years for the full effect of interest rate increases to ripple through the economy, so we might well be in a situation where we have kept rates very high for quite a while and that is really pummelling the economy, we are getting low or even negative growth and inflation is even below target. so it s understandable why the bank of england is risk averse and wants to make sure inflation is squeezed out for sure, make sure inflation is squeezed out forsure, but make sure inflation is squeezed out for sure, but there is a real risk of them are leaving rates too high for too long. of them are leaving rates too high fortoo long- of them are leaving rates too high fortoo lonu. . ~ ,, . ., for too long. thank you so much for our for t ....
sharon barbour has been on the front line with ambulance crews. there were ambulances backed up outside, two hours in an ambulance. it s been a long night for margaret. are ambulances parked out there today. there are no beds. people on trolleys in the corridors. all today. there are no beds. people on trolleys in the corridors. trolleys in the corridors. all night with her was trolleys in the corridors. all night with her was her trolleys in the corridors. all night with her was her sister. - trolleys in the corridors. all night with her was her sister. i - trolleys in the corridors. all night with her was her sister. i didn t i with her was her sister. i didn t slee so with her was her sister. i didn t sleep so i m with her was her sister. i didn t sleep so i m very with her was her sister. i didn t sleep so i m very tired. - with her was her sister. i didn t sleep so i m very tired. rates | with her was her sister. i didn t| sleep so i m very tired. rates in ....
mr gallant told him that the war would take many more months. hamas is a terrorist organisation that built itself for a decade to fight israel. they have built infrastructure under the ground, on the ground and it is not easy to destroy them. it will take and require a long period of time it will last more than several months. but we will win and we will destroy them. so, thank you once again for coming to israel, for helping us and for supporting us. palestinian state, our international editor asks whether the war in gaza has any chance of ending and the peaceful solution given the long running conflict. it will make you meant to wind up its blood he passed. in two months more of killing sending palestinians and israelis into new and unknown territories. the holy city which both sides claim as the capital, there tends in waiting. choices lie ahead a cease fire will come eventually. it would just be a pause before the next war will israel and the palestinians decided th ....