OpenTube

UK Cracks

Joe Blogs

135,396 views

The Bank of England has suddenly paused the active sale of British government bonds, abandoned plans to sell its longest-dated gilts and completely rewritten its quantitative-tightening programme.

The decision comes after the yield on Britain’s 30-year government bond surged to its highest level since 1998—raising concerns about government borrowing costs, taxpayer losses and growing pressure inside the UK bond market.

In this video, I explain what the Bank has changed, why markets reacted so strongly and what it could mean for interest rates, mortgages, taxes, government spending and the wider British economy.

Has the Bank made a sensible technical adjustment—or has it revealed that cracks are appearing in the UK financial system?

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20 Comments

@flyercase 13 days ago

In a nutshell, we’re fucked

@jimcroft21 13 days ago

I’m tired boss..

@brandongarrett2309 13 days ago

The whiff of panic is strong.

@user-tc3xw5ty6d 13 days ago

UK on Crack is a more appropriate title😂

@George-clark 13 days ago

Im 59 just stopped working. Not doing it anymore.....concentrate on my health and well being for a couple of years.

@jasonsccheung3831 13 days ago

Last time UK asked for a IMF bait out was 1976 with a chancellor name... Healey... bad omen.

@davidhoddell4209 12 days ago (edited)

IMO,the trigger will be Healey's upcoming budget,he has nowhere to go except more tax,time to batten down the hatches,a big fiscal storm is almost upon the UK.Meanwhile Burnham continues spending as if we are all rolling in it , we will be, but it will be something considerably more unpleasant than cash.

@andrewpinkham9904 13 days ago

The world economic forum has a solution they will continue to fund the invasion of military aged men and saddle the British taxpayer with the cost by putting them on the dole

@melvinpenman1102 13 days ago

IMF here we go

@WordCake 12 days ago (edited)

This is the product of years upon years of one-upery, political infighting and divide both among the public and governments alike. Good people leave, weasels and sociopaths stay. All squabble no solution, year after year, for at least a decade. Now everyone is realising the issues are at their doorstep. Was it all worth it?

@AndrewFreeman-jv5xm 13 days ago

We were supposed to be driving evs and living in 15 minute cities before the bottom fell out

@howarddavis2281 12 days ago

Makes total sense. The BoE working against the Treasury was totally ludicrous.

@robschmidt2563 12 days ago

It tells me the workers are not making enough money.

@joemann2178 11 days ago

I thought Russia has been collapsing for the last 5 years. Looks like it was us collapsing all along.

@joaosabino2909 11 days ago

Stop the Extra Payments For Hoax Solar Farms and Wind Turbine Electricity Generation!

@mikedennington8856 13 days ago

they only carry out procedures like this when there is a serious problem coming along, like a severe recession. The bank knows many months ahead where problems are brewing, hence they take action to cut the issue off.

@chriswelsh6344 11 days ago

YouTube are now asking whether your video has been recommended too many times , looks like somebody's taking notice😮 keep doing what you're doing you're amazing