"Losses are mounting from the £895bn bond-buying scheme carried out between 2009 and 2021"
Telegraph: 30th April 2024: Telegraph news report on what the public purse is expected to be spending to bail out the UK's central bank
"...Taxpayers will cover £85bn of losses made by the Bank of England on its quantitative easing programme which began during the global financial crisis, according to the latest estimates...
Quantitative easing will lose about £20bn a year until the early 2030s, according to the latest estimates by the Bank of England, which is equivalent to a third of the defence budget...
Successive Chancellors agreed to indemnify the Bank against any losses on the scheme, leaving the taxpayer on the hook for the losses..."
FULL ARTICLE HERE