It's time to revisit Bank of England independence
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Taxpayer to fork out £85bn to cover Bank of England losses
Taxpayers will cover £85bn of losses made by the Bank of England on its quantitative easing programme which began during the global financial crisis, according to the latest estimates.]]>
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Bank of England's bond purchases could cost taxpayers £85bn
Following the banking collapse of 2008, the Bank started hoovering up government bonds on the secondary market. The hope was this would lower borrowing costs and stimulate economic activity.