Stuck between Truss and a hard place
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 See omnystudio.com/listener for privacy information.