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<p><span>This Market Notice sets out how energy firms and their commercial lenders can apply to participate in the Energy Markets Financing Scheme, which was announced by the Bank of England and HM Treasury on 8 September 2022.</span></p>
The Bank is doubling the daily limit on its gilt-buying programme to £10 billion as the scheme draws to a close ahead of Friday’s cut-off.
The central bank was forced to step in after Liz Truss’s newly-installed government sparked panic and a run on the pound with its mini-budget.
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
The Bank is doubling the daily limit on its gilt-buying programme to £10 billion as the scheme draws to a close ahead of Friday’s cut-off.