BBCNEWS World Business Report July 7, 2024
stock market debut. but is it the right time? as you've been hearing, the uk government says it's sticking to plans for £45 billion of tax cuts — despite turmoil on financial markets since the chancellor's mini budget statement on friday. it's seen investors dumping the pound — and uk government borrowing costs soaring on growing alarm about the country's finances. on wednesday the bank of england was forced into an emergency intervention to head off a pension—fund crisis. it will spend billions buying up uk government bonds to prop up their value and keep borrowing costs down...
Source: archive.org
