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‘Don’t Panic’ Pleas Fail To Calm Jitters As Pound Plunges

  • September 27, 2022

Instead, with the pound fragile and bond prices still tumbling, Kwarteng issued a statement just before the British stock market closed to say he would set out medium-term debt-cutting plans on November 23, alongside forecasts from the independent Office for Budget Responsibility of the full scale of government borrowing.

Article source: https://www.huffingtonpost.co.uk/entry/bank-of-england-kwasi-kwarteng-pound_uk_6331d767e4b0e2478905b8f3

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