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Portrait of the week

Portrait of the Week: the gilt market, Larry the Cat and Iranian protests

15 October 2022

9:00 AM

15 October 2022

9:00 AM

Home

The Bank of England warned of a ‘material risk’ to financial stability as it stepped in to buy a wider range of gilts. But markets got the jitters again when Andrew Bailey, its governor, announced to pension funds: ‘You’ve got three days left.’ Kwasi Kwarteng, the Chancellor of the Exchequer, would present his ‘fiscal statement’ to parliament on 31 October, Halloween, not 23 November as originally planned.

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