12min chapter

The Rest Is Money cover image

48. Who Killed Liz Truss? Britain on the Brink (Part 2)

The Rest Is Money

CHAPTER

Bank of England's Response to Financial Crisis

This chapter explores the aftermath of a government funding crisis leading to increased borrowing costs and its impact on investment funds and pension funds, specifically LDIs. It highlights the challenges faced by the Bank of England in stabilizing the guilt market and coordinating asset transfers to mitigate the crisis. The narrative also delves into the urgent actions taken by the Bank of England, including plans to purchase government bonds daily to address market pressures.

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