- The Bank of England plans to sell £146bn in gilts back to the Treasury.
- The gilts being sold were bought via quantitative easing during the financial crises and Covid.
- The Bank of England held interest rates at its latest meeting.
- The plan affects UK public finances by returning bond sales proceeds to the Treasury.
Quotes
“What the plan to sell £146bn in gilts back to the Treasury means for the public finances”
“The Bank is of selling off hundreds of billions of pounds worth of government bonds it bought via the emergency policy of quantitative easing during the financial crises and Covid.”