UK was ‘hours’ away from potential total meltdown – Bank of England ...News

Russia Today - Economy
UK was ‘hours’ away from potential total meltdown – Bank of England
source : Russia Today ( News ) () 22
The fallout from Truss' “mini-budget” was “a very real threat to financial stability," Andrew Bailey told Channel 4 Britain narrowly avoided a financial crisis in September that could have seen some pension funds totally collapse, the governor of the Bank of England, Andrew Bailey, told Channel 4 on Thursday. Asked how close the UK came to a potential total economic meltdown after Liz Truss’ mini-budget was announced, Bailey said: “I think at the point when we intervened, I can tell you that the messages we were getting from the markets were that it was hours.” Truss’s so-called “mini-budget” included the biggest

Read More Details
Finally We wish PressBee provided you with enough information of ( UK was ‘hours’ away from potential total meltdown – Bank of England )

Apple Storegoogle play

Also on site :

Most viewed in Economy
Insurance warning for holidaymakers planning road trips abroad this summer
INDEPENDENT - before 9 hours & 20 minute
Enbridge: Canada Can’t Build New Pipeline Without Legislative Changes
OILPRICE - before 10 hours & 6 minute
Molicel et Darfon Energy s'associent pour activer la prochaine génération de vélos électriques avec la cellule à la plus haute densité énergétique au monde : l'INR-21700-M65A
PR Newswire - before 10 hours & 6 minute
Companies Must Go Beyond AI Adoption to Realize Its Full Potential
PR Newswire - before 9 hours & 6 minute
H&M sees summer shopping pick-up after weaker-than-expected quarterly sales
CNBC - before 11 hour & 53 minute
Nestlé and Conagra join companies dropping synthetic food dyes amid pressure
Washington Post - before 4 hours & 52 minute
The trade war hit. These U.S. ports felt the crush of Trump’s tariffs.
Washington Post - before 7 hours & 53 minute
Elegoo's Matrix App Now Live, Designed for Smarter 3D Printing Anytime, Anywhere
PR Newswire - before 5 hours & 15 minute
China's LNG Imports Continue Eight-Month Decline
OILPRICE - before 5 hours & 46 minute
Recent Jump in Asia’s Oil Imports May Not Mean Stronger Demand
OILPRICE - before 8 hours & 18 minute
Shell Addresses BP Merger Speculation
OILPRICE - before 7 hours & 15 minute
NATO Leaders Set Ambitious 5% Defense Spending Target
OILPRICE - before 3 hours & 52 minute


Latest News

British Steel Secures Major Railway Deal

1 minute

Disney Just Threw a Punch in a Major AI Fight

before 3 minute

Investigators begin analyzing black boxes from fatal Air India crash

before 4 minute

Your credit score might soon be impacted by Buy Now, Pay Later loans

before 15 minute

Data Centers Surge, but U.S. Grid Chokes on Hardware Bottlenecks

before 54 minute

Russia Seizes Ukrainian Village Near Key Lithium Venue

before hour & 31 minute

Spain’s 2025 Blackout and the Real Lessons for Renewable Grids

before 2 hours & 7 minute

Rick Perry’s AI plan: a colossal nuclear campus in Trump’s image

before 2 hours & 12 minute

Sudan and South Sudan Clash Over Oil Export Fees

before 2 hours & 25 minute

Building society’s mortgage change could help some people borrow thousands more

before 2 hours & 39 minute

China's Xiaomi undercuts Tesla with yet another cheaper car

before 2 hours & 43 minute

Iran's Calculated Strike: Why Oil Prices Fell

before 3 hours & 2 minute

House GOP holdouts threaten revolt over Trump and Senate’s tax bill

before 3 hours & 7 minute

Data Bus Market Size to Surpass USD 32.07 Billion by 2031, Experiences Growth Owing to Rise in Demand in Aerospace and Defense Applications .. The Insight Partners

before 3 hours & 17 minute

Supreme Court rules against Planned Parenthood in patient rights case

before 3 hours & 26 minute