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Cliff edge looms for UK's financial system

The Guardian - 12 Oct 2022 20:55
Cliff edge looms for UK's financial system BoE's move to end bond buying is a big gamble given the magnitude of the bind Britain is in Borrowing costs rise after BoE insists it will end bond-buying The Bank of England governor plans to stick - but it is a gamble Britain's financial system is approaching a cliff edge. After stepping in to calm the market chaos that followed Kwasi Kwarteng's mini-budget, the Bank of England has insisted it will close the £65bn emergency scheme used to smooth over the mess. From Friday, the central bank pl...
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