Birdwatch Note Rating
2023-05-01 15:05:54 UTC - HELPFUL
Rated by Participant: E931C0B0A0FEE492D642607A77EF669D4C8E397E32552C974C678FFD6146F5A7
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