| Heading: |
Bank of England |
| Question ID: |
1786946 |
| UIN: |
39963 |
| House: |
Commons |
| Date tabled: |
2025-03-20 |
| Asking Member ID: |
4736 |
| Asking Member display name: |
Dave Doogan
|
| Asking Member handle: |
davedoogansnp
|
| Asking Member Twitter reference: |
@davedoogansnp
|
| Member interest: |
false |
| Question text: |
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. |
| Is named day: |
true |
| Date of holding answer: |
|
| Date answered: |
2025-03-25 |
| Date answer corrected: |
|
| Is holding answer: |
false |
| Is correcting answer: |
false |
| Answering Member ID: |
4077 |
| Answering Member display name: |
Emma Reynolds
|
| Answering Member handle: |
emmaforwycombe
|
| Answering Member Twitter reference: |
@emmaforwycombe
|
| Correcting Member ID: |
|
| Correcting Member display name: |
|
| Correcting Member handle: |
|
| Correcting Member Twitter reference: |
|
| Answer text: |
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... |
| Original answer text: |
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| Comparable answer text: |
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| Answering body ID: |
14 |
| Answering body name: |
Treasury |
| Tweeted: |
true |