The Bank of England’s fresh attempt to soothe market chaos followed another punishing day for the pound and UK government bonds amid worries over the Government’s mini-budget plans (Victoria Jones/PA)
(Picture: PA Archive)As commuters headed for morning trains, the Bank of England made a bombshell announcement - it’s stepping in again to try and restore market conditions following the chaos after the Chancellor Kwasi Kwarteng’s mini-Budget.
The Bank announced at 7am it would expand buying emergency gilts, amid “material risk” warnings to the UK economy’s stability caused by “dysfunction” from the mini-Budget fallout.
