Why is the Bank of England buying gilts?

The Bank of England has today announced a major intervention into gilts to prevent a 'material risk' to financial stability as a result of government policy. How unprecedented is this move? Will Liz Truss and Kwasi Kwarteng break their silence? Are we heading for another leadership election?

Kate Andrews speaks with Fraser Nelson and James Forsyth. 

Produced by Oscar Edmondson.