The fallout from Truss' “mini-budget” was “a very real threat to financial stability," Andrew Bailey told Channel 4 Britain narrowly avoided a financial crisis in September that could have seen some pension funds totally collapse, the governor of the Bank of England, Andrew Bailey, told Channel 4 on Thursday. Asked how close the UK came to a potential total economic meltdown after Liz Truss’ mini-budget was announced, Bailey said: “I think at the point when we intervened, I can tell you that the messages we were getting from the markets were that it was hours.” Truss’s so-called “mini-budget” included the biggest
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