The 5-Second Trick For Urgent Message for UK to Wake Up to Ticking Timebomb
The steep bounce in gilt yields that followed United kingdom chancellor Kwasi Kwarteng’s unfunded tax cuts, which were introduced last Friday, sparked a wave of margin phone calls — calls for for cash or collateral that threatened the stability with the pension market.He additional: “I much like the thought. I like the theory it embodies: tha