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BBCNEWS Newsday June 4, 2024 22:06:00

Which brought down those interest rates, but they remain high. high interest rates mean the value of the government debt 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 house, 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 ....

Interest Rates , Government Debt Decreases , Bank Of England , Pensions Industry , Government Debts , Emergency Intervention , Doesn T ,

BBCNEWS BBC News June 4, 2024 16:14:00

Windfall concerned about protecting the windfall profits of energy producers rather windfall profits of energy producers rather than helping families with their energy bills and protecting taxpayers against excessive borrowing, which would just not need to be borrowing, which would just not need to he as borrowing, which would just not need to be as high as it is today. we ve seen the to be as high as it is today. we ve seen the verdict of the markets. they seen the verdict of the markets. they are seen the verdict of the markets. they are very worried about the higher they are very worried about the higher borrowing, the higher government debts. and you see that would government debts. and you see that would he government debts. and you see that would be selling off of sterling and the higher government costs and borrowing costs for everybody else because borrowing costs for everybody else because of the decisions that the government have made.- because of the decisio ....

Windfall Profits , Energy Producers , Energy Bills , Government Debts , Borrowing Costs , Government Costs , Conservative Government , National Insurance , Flip Side , Have Made , 45p Two 40p , 2 Billion ,

BBCNEWS BBC News June 4, 2024 21:08:00

Energy prices, with international markets having gone up incredibly, and tomorrow prices might shoot up again, reflecting the impact of russia s decision to keep a key pipeline to europe shut. what does that mean in context? this shows an average household s inflation adjusted bill over the last few decades, and just look at that. the keyjudgment, how much of that. the keyjudgment, how much of that can households actually afford to pay? and all of that is set against already rising government debts. indeed, some signs this week that markets are already seeing extra risks in the uk, with rates for government to borrow having shut up for government to borrow having shut up over the past month. it s not just that. the value of the pound has fallen noticeably too, down close to 6% against the us dollar and over 3% versus the euro since the start of august. so most of these charts are materially worse now than at the start of the leadership campaign. and the fundamental question here of how ....

Energy Prices , Government Debts , Leadership Campaign ,