NewsBot
09-Oct-22, 05:02
The Caithness Business Index (http://www.caithness-business.co.uk) has posted the following article:
Why UK Final-salary Pensions May Now Be Unpayable Without State Support
When long-dated UK government bonds fell sharply following the consistent criticism of the new economic measures laid out by the UK government, it forced the Bank of England to intervene to prevent an "unwarranted tightening of financing conditions and a reduction of the flow of credit to the real economy". On September 28, the Bank announced it would buy UK government bonds (also known as gilts) with maturities of 20 years and upwards on "whatever scale is necessary" over a two-week period. [Read Full Article (https://caithness-business.co.uk/article/17938)]
Why UK Final-salary Pensions May Now Be Unpayable Without State Support
When long-dated UK government bonds fell sharply following the consistent criticism of the new economic measures laid out by the UK government, it forced the Bank of England to intervene to prevent an "unwarranted tightening of financing conditions and a reduction of the flow of credit to the real economy". On September 28, the Bank announced it would buy UK government bonds (also known as gilts) with maturities of 20 years and upwards on "whatever scale is necessary" over a two-week period. [Read Full Article (https://caithness-business.co.uk/article/17938)]