#sterling #UK #minibudget #bonds #interestrates #inflation #economy #recession
Today we will go over the latest drama as it pertains to the UK government and its finances.
As the newly-minted chancellor, Jeremy Hunt tries to save the day with another mini-budget at 11 am on Monday, October 17, 2022.
The conclusion is that the gilt and currency markets might give the UK government and the Bank of England some short-term relief but that will be about it as the fiscal and monetary problems go much deeper than a gimmicky fix.
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DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. Your investment and other financial decisions are solely your responsibility. It is imperative that you conduct your own research and seek professional advice as necessary. I am merely sharing my opinions.
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