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Evening Standard
Evening Standard
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Jon Weeks and Rachelle Abbott

The Leader podcast: Bank of England’s emergency action explained

The Bank of England has been forced to apply “plasters on the financial wounds created by the government” after announcing it was launching an emergency UK Government bond-buying programme in efforts to calm financial markets, experts have said (Yui Mok/ PA)

(Picture: PA Wire)

The Bank of England has announced emergency action to try to stabilise markets, in the wake of the crisis caused by the Chancellor’s mini budget announcement last Friday.

It aims to buy back billions of pounds of Government debt, to try to stabilise financial markets.

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