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Daily Mirror

Business

Levi Winchester

Bank of England doubles down on emergency measures to protect pension funds from collapse

Bank of England Kwasi Kwarteng Bonds

The Bank of England has said it will double the daily limit on its emergency gilt-buying programme before the scheme ends on Friday.

The daily limit will be upped to £10billion, an increase from £5billion originally.

Bank of England chiefs were forced to step in last month after the pound sunk to an all-time low against the US dollar following the Mini-Budget.

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One subscription that gives you access to news from hundreds of sites

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