The UK Treasury is set to transfer more than £11 billion ($12.4 billion) tax payer money to the Bank of England this fiscal year to cover projected losses in its bond-buying program.
Even central banks need to be bailed out these days. The end of fiat money is near.
https://archive.ph/2022.10.19-161821/https://www.bloomberg.com/news/articles/2022-10-19/uk-treasury-to-transfer-11-billion-to-boe-to-cover-qe-losses
Bloomberg calculations suggest the BOE’s annual loss could top £20 billion as soon as next year.
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