Image:
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...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
