Britain is suffering worse economic performance than its rivals because of Brexit said Bank of England governor Andrew Bailey - a point repeated by Caroline Lucas in her reply to the Chancellor’s Budget. What impact has Brexit had where you live? South East GreensLondon Green Party
Why will the Bank of England sell bonds at huge losses in the market when it does not need to? The European Central Bank is holding its bonds to avoid such big losses. The Bank should hold on and spare taxpayers these extra high bills to pay the losses, forecast at £39 bn.
2) At one point Barings Bank was one of the oldest banks in England with more than 200 years of solid reputation. In 1995 they went bankrupt and were sold for £1 because the head of their futures desk ramped up a £870m ($2b today) debt on his trading account.
[T]he Bank of England is to the Agriculture, Commerce, and Finance of Great Britain a Sun; and the Circulation of so many Millions of its paper is the basis on which its convenience, property, and safety, have hitherto rested.
Why are taxpayers being asked to pay an astonishing £133 bn over the next 5 years to the Bank of England to cover their losses? No wonder the squeeze on people is so big. The US Central Bank will not get any such subsidy from US taxpayers to cover its huge losses.
Why did the Bank of England think it could create £450 billion of money since 2020 and buy very expensive bonds without triggering rapid inflation? Why did it not think about the big losses it would incur when getting rid of the bonds later?
What happened as a result was that these banks ended up with over £900 billion supposedly on deposit account with the Bank of England. They are being paid Bank of England base interest rate on these deposits.
BANK of ENGLAND 🇬🇧 Now warning that because of the FTX crypto exchange crash, they need more government & bank control over digital assets. That would include a digital pound and any digital assets you own. Total control over how you spend your money is coming Focus 🔥