Central Banks
UK Taxpayers Face £150 Billion Bill for QE, Bank of England Says
Commuters pass the Bank of England in the City of London.
Photographer: Hollie Adams/BloombergThis article is for subscribers only.
UK taxpayers will end up paying £150 billion ($186 billion) to cover the total losses incurred by the Bank of England on its quantitative easing program, according to new estimates.
The scale of the losses, which would pay for Britain’s entire defense budget for two and a half years, was revealed in the BOE’s Asset Purchase Facility Report for the final quarter of 2024.