Bank of England to finance UK government if markets turn sour
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LONDON (Reuters) - The Bank of England has agreed to temporarily lend the government money if needed to help finance its massive COVID-19 spending plans, reviving a measure used during the 2008 financial crisis.Sensitive to claims it is resorting to 'monetary financing', or permanently supporting government spending by printing money, the BoE stressed its move was a short-term measure - with any money borrowed to be repaid by the end of 2020.BoE Governor Andrew Bailey said on Sunday that..