Economists urge Bank of England to halt bond sales as borrowing costs climb

Bank of England urged to slow or halt bond-selling to slash UK borrowing costs

Economists urge John Healey to press Bank to change policy that is costing the exchequer billions of pounds Economists have urged the chancellor, John Healey, to press the Bank of England to slow down its bond-selling programme that has already cost the exchequer billions of pounds. The Bank’s monetary policy committee (MPC) meets this week to not only decide the level of interest rates but also whether they should f…

15 Sept, 04:00

Economists urge Bank of England to halt bond sales as borrowing costs climb

The Bank of England should abort its costly approach to unwinding quantitative easing, which is stoking the government’s elevated borrowing costs and costing the taxpayer billions of pounds, a group of analysts and bond investors have said. The government’s long-term borrowing costs have risen to levels not seen this century, amid unease at the country’s [...]

26 Aug, 05:00