Take a Chancellor on Me: Unpacking Kwarteng and Truss's Big Gamble
The Bunker – News without the nonsense
00:00
Is the Bank of England a Poodle?
What happens when the Bank of England stops buying bonds? They've said they will do this for a couple of weeks more. Do they extend it? Or is this basically how long Downing Street has to resolve this? Well, when you say they, let's go back to our original point, the MPC did not do this. This was basically done by the Treasury, because the Treasury actually had the backstop bid. But again, this is a decision made by the MPC. And what we've seen is they haven't spoken. If it was me, I would be banging on that door so hard"
Transcript
Play full episode
