This tool is designed to reduce inflation alongside interest rate hikes. This results in less money circulating through the economy. The sale of bonds to the market attempts to end quantitative easing and move into a period of quantitative tightening. The chief economist of the Bank of England, Huw Pill, has stated that the bank is taking an active role in pushing back against the government's fiscal decisions. As a result, the pound's value rose slightly, and interest rates dropped. The Bank of England started bond auctions during the last week of September 2022 and will continue them through October 14, 2022. The bank stated it plans to engage in large-scale purchases of government bonds to restore the market to normal operating conditions. The Bank of England (BoE) intervened as best it could to counteract the spike in interest rates and the pound's loss of value. They feel that this avenue is more likely to result in unsustainable amounts of debt for Britain.

Investors are doubtful that a return to these economic policies is advisable. Thatcher oversaw fiscal policies that increased poverty, almost three million people were unemployed for years.

However, critics are comparing the current actions the Prime Minister took to those of her predecessor, Margaret Thatcher. The British government is betting that the country's economy will return to a state of growth within two years, which will increase investment. There has been no sign that the British government will cut spending to compensate for the lack of revenue.

The core of the issue is that the government has yet to find a way to increase its revenue to pay for its spending on aid for energy costs, which have risen significantly thanks to the Russian invasion of Ukraine. The markets responded by engaging in a mass sell-off of British assets toward the end of last month, September 2022. Investors took a dim view of the government's efforts to fix fiscal issues without a clear plan of action to show fiscal responsibility. This comes on top of other macroeconomic issues that include flat economic growth, inflation at 40-year highs, and seven increases in the prime rate enacted by the Bank of England to slow down inflation. Other government initiatives include reducing levies assessed on home sales and abandoning a plan to raise the corporate tax rate.

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