Bank of England projects £100bn payment from Treasury to cover QE losses

Government will need to pay almost £30bn a year in 2023, 2024 and 2025

Valeria Martinez
clock • 2 min read
Between 2009 and 2022, the Bank helped the Treasury earn more than £100bn in profit thanks to historically low interest rates
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Between 2009 and 2022, the Bank helped the Treasury earn more than £100bn in profit thanks to historically low interest rates

The Bank of England (BoE) has projected the Treasury will need to pay £100bn to cover expected losses from its bond-buying quantitative easing (QE) programme by 2033.

According to estimates published by the Bank on Friday (28 April), the BoE expects the government will need to pay it almost £30bn a year in 2023, 2024 and 2025 as part of an agreement on how to ma...

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