Regime change plot in UK. Dark times ahead

Regime change plot in UK. Dark times ahead

Pension funds call for longer bailout as Bank of England is set to pull the plug on emergency £65 billion bond-buying scheme to tackle market chaos

  • The intervention from the bank is due to end on Friday after being extended
  • It originally said it would buy up to £65billion of bonds, and £5billion a day
  • Pension funds are said to be worried with a large amount of ‘nervousness’ about

Pension funds are bracing themselves for the Bank of England to pull the plug today on a £65billion bailout designed to protect them from bond market chaos.

The Bank stepped in with the emergency help two weeks ago after a sell-off in government bonds, known as gilts, left the retirement schemes scrambling for cash. 

It said it would buy £5billion in bonds a day – since beefed up to £10billion. 

The intervention is due to end today, but some funds have been asking for more time to sort out their finances.

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