Chancellor Kwasi Kwarteng has been answering questions in the House of Commons, on the day of a fresh intervention by the Bank of England.
Meanwhile, the IMF has released a report suggesting the UK economic plan could increase growth but has inflation risks.
And PM Liz Truss has insisted she's still committed to the "growth measures" in last month's mini-budget, despite the Bank's latest move.
The Bank began an emergency plan to buy government debt after the "mini-budget" in late September - because investors were selling them off.
The government's plan to fund tax cuts with large borrowing spooked markets, with the pound plunging.
Many pension funds hold government bonds as they are traditionally seen as a very safe asset.
__________________
Wise men speak because they have something to say; Fools because they have to say something.
Oh my God, not again!!
|