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hurts, in their mortgage payments. so far the bank of england's announcement hasn't worked to calm financial markets. the index of uk listed companies is tumbling down 2% and traders are again selling the pound, now worth less than $1.06. andrew verity, bbc news. our business editor simonjack is here. what an extraordinary morning. blimey is the word. a major intervention by the bank of england. now financial markets around the world have been stressed by inflation which we have seen across the globe but there is uk specific stuff here as well. last friday when the chancellor announced a not so mini budget, he said he would cut taxes and put more money in people's pockets which was meant to help the comic robot inflation was already above 10% and what he did with this extraordinary unexpectedly large and has left the bank having that a much harderjob to try to bear down on inflation. that's why we think now