Birdwatch Note Rating
2023-05-01 11:26:11 UTC - NOT_HELPFUL
Rated by Participant: 0387C9C0B604660623EEAA8C218A4E5371CD60E372B0002D7290FCCE52995E4D
Participant Details
Original Note:
Within days of the minibudget, the Pound had fallen to the lowest ever Dollar exchange rate, and the cost of government borrowing had jumped from 3.5% to 5%, leaving UK pensions companies on the brink of collapse. Only then did the Bank of England intervene. https://www.efginternational.com/uk/insights/2022/uk-mini-budget-sparks-gilt-market-mayhem.html#:~:text=From%201%20October%202019%20to,cash%20to%20meet%20collateral%20calls.
All Note Details