Sentences with phrase «run on the pound»

A «run on the pound» occurs when financial traders believe that it is not in their interest to own «pounds», but an alternative like dollars or euros, or even gold, is a better currency to own.

Jeremy Corbyn has told ITV News that the possibility of a run on the pound if Labour takes power is a «serious» concern.

He said: «We are in danger, if the government is not careful, of having a proper sterling collapse, a run on the pound.»

[34] The government had no effective answers to the deteriorating financial situation, and by 1931 there was much fear that the budget was unbalanced, which was born out by the independent May Report which triggered a confidence crisis and a run on the pound.

And it's the Conservative Party that has a vision of an open, global, self - confident Britain, while our opponents flirt with a foreign policy of neutrality and prepare for a run on the pound.

Gordon Brown could remain at Number 10 for weeks even if he loses the election, under plans to prevent a run on the pound in the event of a hung parliament.

I could easily imagine large - scale defections to form a National Government should things like capital flight, a run on the pound, an investment strike, and / or plunging stock values start to occur.

Floods, plague and pestilence were not exactly threatened, but there could definitely be a run on the pound.

But imagine if prolonged political deadlock after the election were to trigger a run on the pound or a bond - market crisis.

Initially carried out by Ted Heath's Conservative government, these cuts deepened under Labour after a run on the pound forced James Callaghan's government to take out a huge loan from the International Monetary Fund in 1976, which led to severe funding restrictions for public services.