Liz Truss's mini-budget forced the Bank of England to intervene in financial markets.

The entities involved

• Bank of England →

  central bank of the United Kingdom

  • The conflict involving Iran in the Middle East is causing disruptions that are driving up global energy costs and impacting the Federal Reserve's policies.14:40
  • The Bank of England's policy decisions are informed by ONS data, which subsequently influences Office for Budget Responsibility forecasts.10:40
• Liz Truss →

  Prime Minister of the United Kingdom in 2022

  • A book claims the Bank of England broke the bond market, while Liz Truss asserts the OBR runs the country.Fri 18:34
  • Rishi Sunak, Rachel Reeves, and Jeremy Hunt discuss and manage tax policy, while Hunt calms after the fallout from Liz Truss's economic experiments.Thu 11:57
• euro →

  currency of most countries in the European Union

  • Rising US real yields are now competing with the pace of Eurozone economic recovery.13:09
  • Greece's debt crisis is impacting European stability, leading to demands for austerity and tax increases from Germany.Sun 14:22

Related events

• French instability is causing the common currency to weaken.Oct 12