Amid the British economic crisis, recent moves by the **Bank of England** have shown that **Liz Truss** and **Kwasi Kwarteng** are not the only ones responsible for the **economic meltdown**. Financial expert **Bob Lyddon** pointed to the establishment of the **Contingent Non-Bank Financial Repo Facility (CNRF)** as evidence that economic conditions are not as they seem. This step is believed to have come in response to concerns about **inflation** and the rising **Liability-Driven Investments (LDIs)** that have impacted **pension funds**.
#ukrecession
These developments follow the **mini-Budget** presented by Truss, which was blamed for the rise in inflation. However, Lyddon insists that other factors are at play in this crisis, making the **CNRF** appear as a temporary fix for a deeper issue.
If risks continue to escalate, the **Bank of England** may face new challenges without resorting to blaming Truss and Kwarteng.
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