Bank to start selling £80bn of UK government bonds from next month

There had been speculation that Threadneedle Street could be forced into a lengthier delay to its quantitative tightening plans. Photograph: Alberto Pezzali/AP

The Bank of England has confirmed it will push ahead with selling £80bn of UK government bonds from the start of next month, a day later than planned, despite fears over choppy conditions in financial markets after the mini-budget.

The central bank said it would delay the start date to 1 November to avoid a clash with the government announcing its debt-cutting plan, which is due on Halloween.