Article 64VM3 Bank to start selling £80bn of UK government bonds from next month

Bank to start selling £80bn of UK government bonds from next month

by
Richard Partington Economics correspondent
from on (#64VM3)

Start date put back by a day to avoid clash with chancellor's announcement of debt-cutting plan

The Bank of England has confirmed it will push ahead with selling 80bn of UK government bonds from the start of next month, a day later than planned, despite fears over choppy conditions in financial markets after the mini-budget.

The central bank said it would delay the start date to 1 November to avoid a clash with the government announcing its debt-cutting plan, which is due on Halloween.

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