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United Kingdom · Question · Written question

UIN 39963

Bank of England

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answeredUnited Kingdom· UK Parliament· EN

Introduced

20 March 2025

Last action

25 March 2025 · Answer

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Answered

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Discovery layer

Source updated

25 March 2025

Summary

To ask the Chancellor of the Exchequer, if she will make an estimate of the potential cost to the public purse of the Bank of England's Quantitative Tightening programme (a) since July 2024 and (b) since its commencement in November 2022.

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Timeline

  1. 20 March 2025

    Written question

    To ask the Chancellor of the Exchequer, if she will make an estimate of the potential cost to the public purse of the Bank of England's Quantitative Tightening programme (a) since July 2024 and (b) since its commencement in November 2022.

    Source: Commons

  2. 25 March 2025

    Answer

    Since October 2022, HM Treasury has transferred £85.9bn to the Bank of England to cover losses arising from the Asset Purchase Facility, of which £25bn was transferred since July 2024. This covers losses incurred from net interest costs and the sale and r...

    Source: Written answer

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