Watch live: SaimaMohsin is joined by an expert panel who will be answering your questions on the cost of living crisis, as support from the Bank of England for Pension Funds is set to end on Friday
Please use Chrome browser for a more accessible video playerUK government borrowing costs have hit a 20-year high after the Bank of England confirmed its emergency bond-buying programme will end on Friday as planned.
However, the clarification of its position did little to soothe investor nerves, with a sell-off taking 20 and 30-year gilt yields - the rate demanded to hold government debt - to their highest level since 2002.The emergency 13-day bond buying programme was started to avoid"dysfunction" in the pension market which took hold amid bond market unease over UK borrowing requirements following the government's mini-budget.
The Financial Times said the Bank had been privately telling those working in pension funds that it could be extended.This came despite the governor, Andrew Bailey, firmly stating pension funds had"three days left... to get this done" at an event in Washington on Tuesday evening.
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