Barclays Says UK Can Add £20 Billion to Coffers by Revising QE
- Portfolio from years of QE is creating losses after rates rise
- Possible change wouldn’t be rapid like in ‘97, strategists say
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The last time the Labour party took over from the Conservatives, it shocked markets by surrendering control of UK interest rates to a newly-independent Bank of England in its first days on the job.
Now, with polls flagging a similar sweeping win, some investors are wargaming another surprise at the central bank.