Oh noes

[AtW]

“Bank of England risks a repeat of mini-Budget bond markets chaos, warn City traders

Analysts are pointing to mounting stress in UK gilts and the ‘repo’ market

The Bank of England risks hurtling toward another bond market crisis as new signs of strain bubble up and threaten to force another intervention, City traders have warned.

Traders have pointed to mounting stress in the so-called “repo” market and short-dated UK debt, known as gilts, just weeks after the post mini-Budget bond chaos pushed Britain’s pensions funds to the brink of collapse.

Repo markets are a crucial part of the financial plumbing where cash is lent in return for collateral such as government debt. They are an important source of short-term funding and collateral for banks.”

https://www.telegraph.co.uk/business...ts-chaos-warn/

Extra taxes not helping?

[_V_]

Need to stick all tax rates to 95%, only way to fix this.

[CheeseSlice]

Is it just me or are two of our oldest institutions, i.e. the UK Government and the Bank of England unable to get any control over the situation.

All they seem to do is claim they need to raise rates, raise taxes or print more money.
These are in effect like killing the economy to save it.
The system has crashed, they have just run out of ideas and are pushing any buttons.

[northernladuk]

Is it just me or are two of our oldest institutions, i.e. the UK Government and the Bank of England unable to get any control over the situation.

All they seem to do is claim they need to raise rates, raise taxes or print more money.
These are in effect like killing the economy to save it.
The system has crashed, they have just run out of ideas and are pushing any buttons.

Both are too big to move quickly enough. Also, I dunno about who's in at the bank but everyone at the gov hasn't been in charge during something like this so don't really know what to do either. I'm guessing the bank is the same but might have a better clue in general. Unprecedent times so whatever anyone does they aren't going to come out smelling of roses that's for sure.

[jamesbrown]

There's a limit to what any of them can do when the causes are mostly outside the UK. Sure, there has been a UK moron premium and Sunak and Bailey are both massive morons, but it's mostly not about the UK.

[xoggoth]

True. Look online and plenty of financial problems in other countries.

[vetran]

True. Look online and plenty of financial problems in other countries.

how very dare you its all because of the B word... if only we had stayed with Mother Europe it would be a land of milk and honey. Germany & Italy aren't suffering, oh look

https://tradingeconomics.com/germany/inflation-cpi

https://tradingeconomics.com/italy/inflation-cpi

https://tradingeconomics.com/united-.../inflation-cpi

[SueEllen]

how very dare you its all because of the B word... if only we had stayed with Mother Europe it would be a land of milk and honey. Germany & Italy aren't suffering, oh look

https://tradingeconomics.com/germany/inflation-cpi

https://tradingeconomics.com/italy/inflation-cpi

https://tradingeconomics.com/united-.../inflation-cpi

Italy has always been screwed so you never do a comparison with them.

[vetran]

Italy has always been screwed so you never do a comparison with them.

well they are in the EU and a member of the G7 so why not?

[vetran]

Too many windmills?

https://tradingeconomics.com/netherlands/inflation-cpi

Includes Belgium?

https://tradingeconomics.com/euro-area/inflation-cpi

almost everyone's inflation is at 10%+ the Euro Area at 10.7, the UK at 10.1