Bank of England chief warns Chancellor over budget risks
The Bank of England governor has warned the Chancellor that failing to balance the budget could trigger a bond market crisis. The warning comes ahead of the upcoming pre-Budget statement.
Why it matters
The warning applies to the Chancellor and highlights risks if fiscal policy is not managed carefully.
bond market risks
The governor has linked potential budget deficits to a possible resurgence of bond market instability.
Sources
- Bank of England chief warns Healey: Balance the books or face a bond market storm This is Money · thisismoney.co.uk
Headlines and links belong to the publishers listed above. The summary above is written by The Savings Brief; see how this works.
