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BBCNEWS Dateline London June 4, 2024 01:42:00 - Vimarsana News

BBCNEWS Dateline London June 4, 2024 01:42:00

But the fact that they had not published and still have not published any assessment from 0br means that what we are seeing is magical thinking. we are not seeing an objective assessment. they sacked the permanent secretary at the treasury on day one, the chief official of the treasury, so it looks like they are simply driven by some internal light, which has not yet had anything to do with reality, so why should the markets have confidence in them? one little thing, - the postponement report from the 0br of— into the end of september... the end of november. there is an old saying which, if ...

BBCNEWS Dateline London June 4, 2024 01:41:00 - Vimarsana News

BBCNEWS Dateline London June 4, 2024 01:41:00

The bank of england. he was quoted on thursday, having a partial budget in the circumstances of the tough global economy, tough financial market position, working at cross—purposes with the bank, has led to dramatic moves in finance markets. is there a perception that the bank and the government are doing two contradictory things? it is more than a perception. the bank had to intervene to correct the damage the government had caused, by buying back bonds and by raising interest rates. it is moving in the opposite direction, but if it had not, who knows where we would have ended up if there h...

BBCNEWS BBC News June 4, 2024 09:15:00 - Vimarsana News

BBCNEWS BBC News June 4, 2024 09:15:00

Which would given idea of what impact these moves would have on the growth of the economy. as far as a lot of mps are concerned, they have not spent enough time explaining why they're doing this. the other changes that are coming from government that are coming to transform the economy to grow and to allow the government to afford it, they are notjust going to keep borrowing money endlessly. that is why we are hearing what liz truss wrote in the sun newspaper saying she knows the measures are not popular but they are necessary and admits it has caused disruption, using understated language. we...

BBCNEWS Dateline London June 4, 2024 10:42:00 - Vimarsana News

BBCNEWS Dateline London June 4, 2024 10:42:00

The chief official of the treasury, so it looks like they are simply driven by some internal light, which has not yet had anything to do with reality, so why should the markets have confidence in them? one little thing, the report from the 0br of into - the end of september... the end of november. there is an old saying which, if you're in a hole, _ you should stop digging. they continue to dig _ themselves further and further away from reality. you think november is not going to hold? it could not. the pressures of the market i and all other interested parties will force them to revise the da...

BBCNEWS Breakfast June 4, 2024 06:02:00 - Vimarsana News

BBCNEWS Breakfast June 4, 2024 06:02:00

Seeking to regain the confidence of the markets. in an unusual move, both the prime minister and the chancellor will meet the chairman of the office for budget responsibility after a slump in the value of the pound, uncertainty over mortgages, and a week of extreme financial volatility. the watchdog had offered to prepare a draft forecast in time for last friday's mini budget, but that was rejected by the government. forecasts of the uk's economic outlook are usually published to accompany major financial announcements. it's led to accusations ministers were trying to avoid scrutiny, and that ...