Liz Truss was accused of hiding away while her tax giveaway mini-Budget caused economic turmoil, with the Bank of England forced to intervene to prevent a crisis in the UK’s major pension funds.
The Bank embarked on an estimated £65bn buy-up of bonds amid what a Treasury source described to The Independent as “serious concerns about the short-term financial stability of some of the major pension funds in the UK” and others said there were fears of mass insolvencies.
