It's time to revisit Bank of England independence
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Following last week’s announcement of warm air in southern England, the Met Office has issued two weather warnings for thunderstorms expected later today. The yellow weather warnings encompass London, large portions of the south, southwest, and southeast of England, as well as Cardiff and southern Wales. The initial warning anticipates heavy rain and potential thunderstorms, […]
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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.