Government departments to be told to 'identify spending efficiencies', Whitehall source says, as pressure mounts over economic impact of mini-budget
Today’s Bank of England intervention was driven by the potential for chaos in a corner of the financial services industry that underpins pensions funds.
The speed and the scale of the collapse in the value of government bonds, known as gilts, which are required to be held because they are ordinarily so stable, put pressure on liability-driven investment funds.
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