Tuesday, March 24, 2026
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HomeWorldUK Economy Shrinks and Bank Warns That Bailout Will End Within Days

UK Economy Shrinks and Bank Warns That Bailout Will End Within Days

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The Bank of England boss says it will stop buying bonds to help pension funds this week despite pleas to continue.The emergency bond-buying programme aimed at stabilising their price and preventing a sell-off that could put some pension schemes at risk of collapse is due to end on Friday.”You’ve got three days left now and you’ve got to sort it out,” Andrew Bailey told pension funds.The Bank acted after September’s mini-budget which sparked market turmoil.

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