- Britain’s central bank on Wednesday warned that dwindling confidence in the economy poses a significant risk as it took the unusual step of intervening directly in financial markets.
- The announcement by Chancellor of the Exchequer Kwasi Kwarteng, the UK finance minister, spooked the financial markets.
- The British pound plunged to a record low against the US dollar on Monday, and yields on UK government debt spiked.
UK central bank scrambles as pound tanks, debt costs soar 28.09.2022
