Stuck between Truss and a hard place
Leaders with Francine Lacqua
Bloomberg
4.6 • 64 Ratings
🗓️ 13 October 2022
⏱️ 26 minutes
🧾️ Download transcript
Summary
The Bank of England has been placed in a difficult position by the UK government’s mini-budget, says NatWest Chairman Howard Davies. He joins David and Francine to discuss the challenges facing the central bank and explain why he believes the chaos in UK markets is not fundamentally the bank's fault. He also discusses the liquidity crisis for pension funds, the mortgage market and the unprecedented moves in the gilt market.
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| 1:06.5 | what is going on with the Bank of England and the government? I mean they all I mean everyone's got |
| 1:11.0 | their hair on fire basically everything's melting down it's historic moves in the guilt market |
| 1:16.7 | is the end of the government what's going on and the British stiff upper lip yeah keep calm and |
| 1:22.0 | carry on I usually just say it's like Italy without the good weather don't worry you'll get through it |
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