What is it like working for the Bank during a financial crisis? 💷 “It’s grueling…. But it’s also exciting to be at the centre” ⤵️
Zugzwang is a term used in chess. It means you have to take your turn, but every option available to you will only make things worse., whose finger is hovering over the life support machine for the markets today – poised to switch it off at 3.45pm – is in a Zugzwang position.
“He and I had several rows, and by the end of 2008 I had decided that they were wrong and I was right,” he said. “Unfortunately for him, the emperor needs to get it right, and he got it wrong”.Blanchflower’s view is that the Bank is unlikely to stop its intervention today – he thinks the Bank will be forced to intervene as pension funds falter – and feels the Bank’s independence is under threat.
His view is he’s got the big calls wrong and has likely made key decisions without properly consulting colleagues – “possibly because he’s worried they might not agree with him”.
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Someone spiked wedding cakes and chaos ensued with gran ending up in hospitalA wedding descended into chaos when cakes were spiked with drugs and two people ended up in hospital. One of the victims was a 63-year-old grandma who got knocked out for 12 hours after tucking into the cannabis-laced cupcake.
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The UK credibility crisis risks tainting the Bank of England\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
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Bank of England to stop government bond buying scheme todayPressure on gilts - UK government bonds - eased on Thursday as the Bank of England sought to steady market sentiment by increasing its bond-buying activity.
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Government borrowing costs hit 20-year high after Bank of England confirms bond-buying will end on FridayWatch live: SaimaMohsin is joined by an expert panel who will be answering your questions on the cost of living crisis, as support from the Bank of England for Pension Funds is set to end on Friday
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Liz Truss and Bank of England in war of words over who is responsible for market chaosThe Bank of England says that tax cuts and increased state spending have led to an expectation of higher inflation and probable rises in interest rates
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