Bank of England makes £3.8bn profit from Liz Truss mini budget bond sales

The Bank of England has trousered £3.8bn in profits from ditching bonds it hoovered up to stem financial chaos caused by Liz Truss’s calamitous mini-budget, the central bank told City A.M. The Bank announced today it has ditched all the £19.3bn of gilts purchased last autumn to stabilise the UK debt market. Governor Andrew Bailey [...]