What’s happening with the UK economy?
This Is Why
00:00
Is It the Treasury's Actions That Have Led to the Run in the Pound?
There's been a lot of debt out there because the government issued more debt during the pandemic. And now it wants to fund this spending announced last week with even more debt. So what the Bank of England is saying is, well, look, we'll come in and we'll hoover up some of that debt supply will hoover in a way. That should really help stabilize the price. But at least it is proved remarkably difficult to get the Treasury to concede that it is their actions that have led to to all this, this market instability.
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