Can the Bank of England's Emergency Bond-Buying Scheme Last?

Can the Bank of England's Emergency Bond-Buying Scheme Last?

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The British market has been in chaos since September 23rd when the HM Treasury proposed a £45 billion tax cut plan. The pound and UK government bonds suffered massive sell-offs, and once saw historic losses. As pension fund institutions hold a large number of long-dated government bonds, there is also a serious liquidity crisis...