Thread: Liz Truss Resigns [Who'll be the next Prime Minister?]
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Old 28-09-2022, 12:57   #414
1andrew1
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Re: New Prime Minister: Liz Truss
Quote:
Originally Posted by Damien View Post
The Bank of England has intervened in the gilt market due to concerns over pension funds:

https://twitter.com/SamCoatesSky/sta...68642617995264

I don't actually understand this but economics journalists are saying it's bad.
It may be related to the fact that this is causing the value of final-salary pension schemes to reduce. Left unresolved, this would lead to more potential pension deficits and employers and the government having to top up these pension funds.
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