The Bank of England has been placed in a difficult position by the UK government’s mini-budget, says NatWest Chairman Howard Davies. He joins David and Francine to discuss the challenges facing the central bank and explain why he believes the chaos in UK markets is not fundamentally the bank's fault. He also discusses the liquidity crisis for pension funds, the mortgage market and the unprecedented moves in the gilt market.

For a daily look at the stories that matter in the UK, sign up now for our newsletter, The Readout with Allegra Stratton:
https://www.bloomberg.com/account/newsletters/readout

The Bank of England has been placed in a difficult position by the UK government’s mini-budget, says NatWest Chairman Howard Davies. He joins David and Francine to discuss the challenges facing the central bank and explain why he believes the chaos in UK markets is not fundamentally the bank's fault. He also discusses the liquidity crisis for pension funds, the mortgage market and the unprecedented moves in the gilt market. For a daily look at the stories that matter in the UK, sign up now for our newsletter, The Readout with Allegra Stratton: <a href="https://www.bloomberg.com/account/newsletters/readout" data-destination="rte:bind">https://www.bloomberg.com/account/newsletters/readout</a>

Get ahead of the trends and conversations that are shaping the City of London. Join Bloomberg's Francine Lacqua, Allegra Stratton and Dave Merritt every Thursday as they uncover the best stories and speak to the people in the know. 

Get ahead of the trends and conversations that are shaping the City of London. Join Bloomberg's Francine Lacqua, Allegra Stratton and Dave Merritt every Thursday as they uncover the best stories and speak to the people in the know.

Every week, Francine Lacqua and David Merritt go behind the scenes in the City of London, uncovering stories and speaking to the people that matter.

In the City

Get ahead of the trends and conversations that are shaping the City of London. Join Bloomberg's Francine Lacqua, Allegra Stratton and David Merritt every Thursday as they uncover the best stories and speak to the people in the know. 

Get ahead of the trends and conversations that are shaping the City of London. Join Bloomberg's Francine Lacqua, Allegra Stratton and David Merritt every Thursday as they uncover the best stories and speak to the people in the know.

In The City

Stuck between Truss and a hard place

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/282cfea8-fb83-4485-a8a8-af2c015b07c8/transcript

Advertisement