Bank steps up emergency scheme launched after Kwasi Kwarteng’s mini-budget created market turmoil The Bank of England will double the value of the UK government bonds it can buy each day under the emergency scheme it launched to calm markets after Kwasi Kwarteng’s mini-budget.Threadneedle Street was forced to intervene late last month amid a dramatic sell-off for long-dated government debt after the chancellor announced more than £40bn of unfunded tax giveaways directed at middle and high earners. Continue reading…
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