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►Today the Bank of England was forced to take MORE emergency action to try to calm fears in the City - they felt that the UK's financial stability was at risk.
We know the Bank of England is the UK's central bank - it sets the base rate of interest - and makes other big decisions which affect ALL our lives. Today the Bank bought more of these - government bonds - essentially bits of the UK's debt... the government promises to pay them back. The bank is buying them because other banks and investors don't want them now because THEY see the UK as a bit risky right now.
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