UK central bank intervenes - Quantitative Easing, QE - in market to halt economic crisis
UK ranks economically as 3rd World Country, Adjustable rate mortgages add hundreds each month to mortgage bills, Billions in energy derivatives to be lost... worse recession since 1706 in Britain.
UK central bank intervenes in market to halt economic crisis
By DANICA KIRKA and JILL LAWLESS 9/28/22
LONDON (AP) — The Bank of England took emergency action Wednesday to stabilize U.K. financial markets and head off a crisis in the broader economy after the government spooked investors with a program of unfunded tax cuts, sending the pound tumbling and t…
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