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BBCNEWS The Context with Christian Fraser July 7, 2024



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 cr ....

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BBCNEWS The Context with Christian Fraser June 4, 2024 21:40:00

This week. i guess the challenge is building a system robust enough to withstand this continued bombardment. how will they do that? that s a big question, people are using that s a big question, people are using generators that s a big question, people are using generators and that s a big question, people are using generators and batteries, i that s a big question, people are i using generators and batteries, but ithink using generators and batteries, but i think the using generators and batteries, but i think the bigger using generators and batteries, but i think the bigger question - using generators and batteries, but i think the bigger question is, - using generators and batteries, but i think the bigger question is, are i i think the bigger question is, are we doing i think the bigger question is, are we doing enough? i think the bigger question is, are we doing enough? i i think the bigger question is, are we doing enough? i don t- i think the bigger question is, a ....

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BBCNEWS The Context with Christian Fraser June 4, 2024 20:24:00

Drones have the capability and it would be a very severe escalation if there was a confirmed even attempt by the russian state or any of its surrogates to physically damage european infrastructure. i surrogates to physically damage european infrastructure. i mean, putin knows european infrastructure. i mean, putin knows energy european infrastructure. i mean, putin knows energy crises - european infrastructure. i mean, putin knows energy crises play . european infrastructure. i mean, | putin knows energy crises play to his advantage and we know he will do this even though they denied they had to do with anything in the baltic sea because another were burning eight billion pounds of gas in the finnish border every day to derive europe from having it, so they have form on this. you derive europe from having it, so they have form on this. you know, he said that russia they have form on this. you know, he said that russia ever they have form on this. you know, he said that russia e ....

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