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Reuters

Business

UK Deputy PM: 'absolutely confident' people's pensions are safe

rese Coffey Bank of England

FILE PHOTO: British Secretary of State for Health and Social Care Therese Coffey speaks during Britain's Conservative Party's annual conference, in Birmingham, Britain, October 4, 2022. REUTERS/Hannah McKay

British Deputy Prime Minister Therese Coffey said on Tuesday she was confident that people's pensions were safe, after the Bank of England stepped into the bond market again warning of a risk to the country's financial stability.

Asked whether she could reassure people their pensions were safe, Coffey told BBC TV: "I'm absolutely confident pensions are safe."

(Reporting by Sachin Ravikumar, Editing by Kylie MacLellan)

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