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The Guardian - UK
The Guardian - UK
Business
Phillip Inman

What is the Bank of England doing in bid to stabilise UK economy?

Bank of England United Kingdom Bonds
Liz Truss and Kwasi Kwarteng
Financial markets have responded negatively to Liz Truss and Kwasi Kwarteng’s tax-cutting mini-budget. Photograph: Dylan Martinez/AFP/Getty Images

The Bank of England has intervened in an attempt to stabilise financial markets in the wake of steep falls in the pound against the dollar and a surge in the UK’s borrowing costs. The Bank said it was prompted to act by concerns about the impact these swings were having on pension funds. We explain what is happening.

What has the Bank done?

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