Absolutely. I think whether they stop Gilt purchases is subjective. We know that they will have to buy bonds in the future (probably sooner rather than later). I wouldn't be surprised to see more long-duration Gilts get added to the BoE's balance sheet in the coming weeks.

I guess it depends on the Bank Of England. They obviously scared Truss,  but it remains to be seen whether they really stop the bond buying

siggy47

Chancellor is gone.

Truss is certainly in trouble, I guess the question is "Is sacking the chancellor enough to settle everyone in Government?".

I think more so than the press, the markets smell blood in the water. Large liquidations are very profitable and the UK seems to have some in reach.

Daily discussion thread

saloon

I guess Truss is in trouble too? Those unfunded tax cuts will probably be completely removed. I'm no expert but it seems like the British press smells blood in the water. Her days may be numbered?