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Economics

UK Faces £133 Billion Bill From BOE QE, Wiping Out Last Decade of Income

Morning commuters pass the Bank of England in the City of London, UK.

Morning commuters pass the Bank of England in the City of London, UK.

Photographer: Jason Alden/Bloomberg

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Buried in the latest forecasts for the UK’s economy is how much the government needs to pay the Bank of England for losses on bond holdings: £133 billion ($157 billion).