Rishi Sunak has been accused of losing £11billion of taxpayers' money failing to insure the UK's debt mountain against interest rate hikes.
The Bank of England created £895billion of new money through the quantitative easing programme, most of which was used to buy government bonds from pension funds and other investors. #debt #useless
https://www.dailymail.co.uk/news/article-10903181/Rishi-Sunak-lost-UK-11BILLION-failing-insure-huge-debt-stocks.html
The Bank of England created £895billion of new money through the quantitative easing programme, most of which was used to buy government bonds from pension funds and other investors. #debt #useless
https://www.dailymail.co.uk/news/article-10903181/Rishi-Sunak-lost-UK-11BILLION-failing-insure-huge-debt-stocks.html
Mail Online
Rishi Sunak 'lost the UK £11BILLION by failing to insure huge debt stocks against interest rate hikes' - even more than from Gordon…
A respected think-tank has highlighted the massive costs of not taking out protection on nearly £900billion of funds 'printed' by the Bank of England.