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Wednesday, 6 September 2023

UK’s Economic Hell - Massive Bond Losses, Taxpayers Screwed, Housing Collapse

The UK economy is facing a big economic dilemma and it's getting worse with the bond losses incurred by the Bank of England. Tens of billions of pounds are being sent to backstop the central bank at a time when the British economy is slowing down. Add that to a falling real estate market and persistent high inflation, you have the perfect set-up for a recession. Here's what you must know.