Bank of England warns of ‘material risk’ to UK financial security

The Metro says The Bank of England has said it will further bolster its emergency bond-buying plan.

It warned an ongoing rout in the gilts market poses a ‘material risk to UK financial stability’.

The central bank said it will widen the scope of its action launched in the wake of the mini-budget market turmoil.

It will now include purchases of index-linked UK government bonds amid concerns over another ‘fire sale’ of gilts.

It comes after the sell-off in government bonds – also known as gilts – resumed yesterday as investor concerns failed to subside.