Bank of England bolsters emergency bond-buying programme after warning of ‘material risk to UK financial stability’
Chancellor of the Exchequer Kwasi Kwarteng pictured at the Conservative party conference.The Bank of England has said it will further bolster its emergency bond-buying plan as it warned an ongoing rout in the gilts market poses a "material risk to UK financial stability".
She said today: "I'm absolutely confident pensions are safe, the Bank of England is independent and undertaking its role in trying to bring some stability, which it had done.”
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