The UK Treasury to Provide £170 Billion to Offset Bank of England’s Bond-Buying Scheme Losses Over the Decade.
via thetimes.co.uk: The government is to hand over £170 billion to the Bank of England to cover losses on its bond-buying scheme over the next decade, new analysis by the central bank suggests. Losses on the Bank’s quantitative easing (QE) programme, which are backstopped by the Treasury, are forecast to rise significantly as it sells …