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BBCNEWS BBC News July 7, 2024

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 ....

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BBCNEWS BBC News June 4, 2024 13:20:00

Now 0ur political correspondent joins us now. let our political correspondent “oins us now. . w our political correspondent “oins us now. ., y ., our political correspondent “oins us now. ., i. , our political correspondent “oins us now. ., , ., our political correspondent “oins us now. , ., ., now. let me ask you first of all about that now. let me ask you first of all about that call now. let me ask you first of all about that call from now. let me ask you first of all about that call from the - now. let me ask you first of all about that call from the leader| now. let me ask you first of all l about that call from the leader of the labour party for there to be a recall in parliament, and indeed one that has been echoed by the liberal democrats as well. democrats as well. exactly right. the conference democrats as well. exactly right. the conference he democrats as well. exactly right. the conference he has democrats as well. exactly right. the conference h ....

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