IMF steps up criticism of mini-budget after ‘disorderly’ rise in borrowing costs – as it happened
by Graeme Wearden from on (#64K78)
International Monday Fund says a change in fiscal policy' would help calm bond markets...on day that Bank of England steps up its bond-buying support
Pat McFadden MP, Labour's Shadow Chief Secretary to the Treasury, is urging the government to reverse last month's mini-budget after the Bank of England stepped in again to calm markets.
McFadden says:
That the Bank of England has been forced to step in for a second day running to reassure markets shows the government's approach is not working, and creates renewed pressure for the Chancellor to reverse his Budget.
This is a Tory crisis made in Downing Street, being paid for by working people.
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