- A statement from the Bank of England on Tuesday unveiled further measures to calm market turmoil triggered by a UK government budget announcement.
- Its statement noted that “the beginning of this week has seen a further significant repricing of UK government debt, particularly index-linked gilts.”
- The UK’s finance minister, Kwasi Kwarteng, in September announced tax cuts — twinned with heavy borrowing — that spooked markets.
Bank of England widens action on financial stability fears 11.10.2022
