Central bank to halt crisis
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 the cost of government debt soaring. The Bank of England said it would buy long-term government bonds over the next two weeks to combat a recent slide in British financial assets.
CANADA & WORLD
en-ca
2022-09-29T07:00:00.0000000Z
2022-09-29T07:00:00.0000000Z
https://waterloorecord.pressreader.com/article/281784222971076
Toronto Star Newspapers Limited