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Lizzie there's been a back and forth on
the part of day.

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I think in part in anticipation of
something out of the Bank of England do

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we have something.
Yes.

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And the anticipate well the reaction to
the chancellor quasi crossing saying

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over the weekend that there'd be yet
more tax cuts funded by borrowing in the

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pipeline.
In addition to that many budget marks he

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voted.
Whatever you want to call it on Friday.

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Now there has been huge pressure all day
as the pound has dropped on the Bank of

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England to step in with an intra meeting
hike.

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But we've finally had a statement from
the BBC and there's going to be nothing

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of the sort.
In fact this statement says that the

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bank is going to do nothing until its
scheduled meeting in November at which

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point it's going to consider the demand
side impact of the measures.

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And really this is the Bank of England
making clear that it's just not going to

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be rushed into action.
We also heard a statement from the

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Treasury saying that it's going to have
allow the official fiscal watchdog the

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Office for Budget Responsibility to
publish its economic assessment of these

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fiscal measures on November the twenty
third.

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So clearly the hope was to reassure
markets.

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But we've heard from Mohamed El-Erian on
Twitter.

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He says it's well crafted but given
where markets are it might not prove

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sufficient sisters to sustainably
stabilize sentiment.

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You've got the pound sliding again.
And interestingly even one of these

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trusts the prime minister's external
economic advisers Gerard Lyons is saying

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that her government needs to do more to
reassure markets.