Meeting of the Parliament 06 October 2022
I know that various members have said that interest rates are a global issue and are not particular to the UK. Has the member seen the Bank of England analysis today that directly links the Tory mini-budget with the situation, saying that it caused a
“self-reinforcing spiral ... threatening severe disruption of core funding markets and consequent widespread”
disruption and
“financial instability”?
That happened in the UK—nowhere else. Does the member recognise that that is what is worrying landlords today, tomorrow and next week?