Scrap the taxpayer indemnity for Bank of England QE bond losses
National
ยท36 contributorsRemove the Bank of England's taxpayer indemnity for QE bond losses. The Treasury should amend the 2009 agreement so the BoE bears its own QT losses like other central banks.
Rachel Reeves
Chancellor
UK taxpayers cover BoE QE losses
End unfair burden align norms boost fiscal responsibility
QT accelerated losses and household costs
Scrap the taxpayer indemnity for Bank of England QE bond losses
National
Remove the Bank of England's taxpayer indemnity for QE bond losses. The Treasury should amend the 2009 agreement so the BoE bears its own QT losses like other central banks.
UK taxpayers cover BoE QE losses
End unfair burden align norms boost fiscal responsibility
QT accelerated losses and household costs