​UK To Change Definition Of Debt So It Can Add $90 Billion More – Tyler Durden

UK To Change Definition Of Debt So It Can Add $90 Billion More Back in Sept 2022, the UK financial system almost collapsed when the bond market vigilantes woke up from a decade long slumber and in response to the tax-cutting mini-budget by former PM Liz “did not outlast the lettuce” Truss, sent yields soaring, the pound crashing and sparked a firesale of the country’s rate sensitive securities, forcing the BOE to resume QE virtually overnight as a buyer of last resort was desperately needed. It was a vivid reminder just how fake and unstable the global financial system has…  — Continue at ZeroHedge News : Read More