The economic situation is just getting worse. Where it will stop this time?
The BBC has today reports that:
“The Bank of England has warned of a “material risk” to financial stability as it made a fresh emergency move to try to calm investors.
It said it would buy more government bonds to try to stabilise their price and prevent a sell-off that could put some pension funds at risk of collapse.
It is the third time the Bank has had to step in since the government’s mini-budget sparked alarm among investors.
The chancellor promised huge tax cuts without saying how he would fund them.”
