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The Guardian - UK
The Guardian - UK
Business
Richard Partington Economics correspondent

Bank of England completes sale of £19bn emergency bond purchases after mini-budget

Bank of England Liz Truss Kwasi Kwarteng Bonds Threadneedle Street United Kingdom
Kwasi Kwarteng at the Conservative party conference with Liz Truss
Kwasi Kwarteng’s mini-budget while Liz Truss was prime minister prompted fears of a 2008-style financial crisis. Photograph: Stefan Rousseau/PA

The Bank of England has finished unwinding the emergency bond-buying scheme it launched to calm the financial markets after Liz Truss’s disastrous mini-budget last autumn.

Threadneedle Street said it had completed the sale of £19.3bn of government bonds three months after it was forced to intervene in markets to halt a run on pension funds.

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