The Bank of England selling public debt could leave the government open to up to £130bn of losses, MPs have said, arguing policymakers “took a leap in the dark”.
UK interest rates will rise for the seventh time in quick succession as the Bank of England tries to bring inflation down, although the bank’s Monetary Policy Committee said recent government...
The Treasury has defended itself against a think-tank’s claim that it spent billions of pounds more than necessary on interest on the government’s debts.
The Bank of England has signalled it could tighten its monetary policy slightly faster than had been expected as the recovery from Covid-19 gets underway and inflation continues to run above its 2%...
The size of quantitative easing undertaken in response to Covid-19 could test the Bank of England’s independence from ministers, according to a Parliamentary committee.
The House of Lords Economic Affairs Committee has written to chancellor Rishi Sunak to clarify the working relationship between the Bank of England and department throughout Covid-19.
The Bank of England needs to improve its own understanding of its quantitative easing programme to improve its effectiveness, according to the bank’s internal watchdog.
Chancellor Philip Hammond has been urged to bring forward plans for a public spending reset after the Bank of England cut interest rates to a record low of 0.25% in response to economic concerns...
