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July 7, 2024
there is the wreck of the mary rose. it has come to the surface. and — its exactly a0 years since henry 8th�*s flagship — the mary rose — was raised from the bottom of the solent, after 437 years under the sea. the bank of england has been forced to intervene once again in the markets — warning of a �*material risk�* to financial stability. the emergency move this morning will see the bank buy a wider range of government debt, in order to restore conditions in the markets...
October 11, 2022
Powerful statement. financial stability, that is a very powerfulstatement. it financial stability, that is a very powerful statement. it is kind of a warning to the government, and we have seen warnings from various quarters. the institute for fiscal studies said the government will have to raise a great deal of money if it is to achieve its target of balancing the budget in the medium—term. what we are saying here is a warning to the government which has to come out with its figures at the en...