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quantitative easing

  • Britain is still paying a heavy price for Covid lockdowns

    Opinion

    Six years on from the first lockdown, Britain hasn’t returned to its pre-Covid path – instead becoming a high-tax, low-growth less free nation, says Alex Pugh A little over six years ago, 27m people watched UK Prime Minister Boris Johnson tell them to “stay home” to tackle the spread of coronavirus.   Johnson said you should [...]

    London Bridge eerily empty during Covid lockdown with overcast skies and historic architecture visible in the background.
  • Bank of England took ‘eye off ball on inflation’, says Jenrick

    Economics

    Robert Jenrick is set to make his first major pitch to the City, in his first major outing as Reform’s spokesman on Treasury matters. The Newark MP is expected to commit to the independence of the Bank of England but pledge to “strip the Bank of distractions which have been loaded onto it”. “We will [...]

    Business meeting with diverse professionals discussing a strategic plan, documents and laptops on the conference table
  • Bank of England’s Pill: We should not have slowed QT bond sales

    Economics

    The Bank of England’s chief economist has hit out at colleagues’ recent decision to slow sales of the central bank’s government debt stockpile, warning it risked papering over underlying drivers of spiking government borrowing costs and causing a “more painful” crisis in the future. In a speech delivered in Geneva, Huw Pill told delegates that [...]

    Chief economist Huw Pill said "consistency" was key to the Bank of England's quantitative tightening programme (Photo by: Graeme Sloan/Bloomberg via Getty Images)
  • Bank of England likely to slow down QT programme, Investec economist says

    September 15, 2025

    The Bank of England’s Monetary Policy Committee (MPC) is likely to slow down its quantitative tightening (QT) programme over the next year, an Investec economist has said, as Britain’s central bank looks to quell concerns over rising gilt yields. “We doubt that the MPC will maintain the same pace of balance sheet reduction next year [...]

  • Bank of England ‘under pressure’ to slow bond sales amid market tumult

    September 5, 2025

    The Bank of England should slow its quantitative tightening programme and stop active sales of long-dated bonds entirely in the wake of this week’s bond rout that saw the cost of long-term borrowing soar to its highest level this century, a group of top economists has said. Markets were rocked by a global sell-off in [...]

  • Could the Bank of England push the UK into recession?

    January 23, 2025

    As the Bank of England scrambles to unwind the disastrous effects of quantitative easing, the hidden costs of this policy are becoming clear, says Damian Pudner Quantitative easing (QE) has long been the Bank of England’s monetary policy nuclear option. Launched in 2009 to save a collapsing financial system, it was supercharged during the pandemic, [...]

  • Give parliament a vote on quantitative easing

    January 9, 2025

    QE should not be the preserve of bean-counting central bankers – money printing is not an abstract issue, it has real consequences for people’s ordinary lives, says Sam Bidwell If one thing characterises British politics in the post-Thatcher era, it is a serial addiction to avoiding questions about the structure of our economy. On the [...]

  • Treasury’s QE bill might reach £95bn, Bank of England estimates show

    August 6, 2024

    The latest estimate, released today by the Bank of England in a quarterly update, is a slight increase on the Bank’s previous upper estimate of £85bn. 

  • Bank of England should become more like the Fed to stem bond losses, Barclays says

    July 2, 2024

    The Treasury is having to shoulder heavy losses from QE, which is attracting a lot of political attention given the parlous state of the public finances.

  • What’s going on with Reform’s proposed overhaul of Bank of England reserves?

    June 11, 2024

    Tice said the policy would raise £35bn over the next five years, a figure which leading tax lawyer Dan Neidle described as "magic".

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