Birdwatch Note Rating
2025-01-09 20:49:28 UTC - HELPFUL
Rated by Participant: 9F361ECE38D9889BBF9AB4F8648A39A589AD1F9FDD755DF30BE9562EFC6F401D
Participant Details
Original Note:
On 23 September 2022, following Truss's 'mini-budget', borrowing costs on 5-year government bonds experienced their largest increase in a single day on record as traders sold off UK assets. By 29 September, 40% of mortgage products had been withdrawn from the UK market. https://en.wikipedia.org/wiki/September_2022_United_Kingdom_mini-budget https://www.bbc.co.uk/news/business-66897881
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