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Post by sevenofnine on Sept 28, 2022 15:34:51 GMT -5
How bad it was last night that be Tuesday night the British pound came this close of crashing Brit ecoonmy seriously The Bank of England has stepped in to stabilise financial markets after the British government's tax-cutting plans caused economic chaos. In an emergency intervention, the central bank warned of a "material risk to UK financial stability” if market dysfunction continued. It came after the IMF urged the UK government to rethink its fiscal strategy that saw the pound plummet to a record low against the US dollar this week. On Wednesday, the Bank of England said it would buy long-dat www.euronews.com/2022/09/28/imf-criticises-britain-over-tax-cuts-that-will-likely-increase-inequality
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