L

Lord Redwood (Con)

Speaking in the House of Lords on 16 September 2026

Debate

Government Debt

Contribution

My Lords, since September 2022, there has been a big sales programme of longer-dated bonds by the Bank of England to drive up longer-term interest rates. Can the Minister tell us how much, over the past two years, the Government and Treasury have had to send the Bank of England to cover the enormous losses they have heaped up by selling these bonds at low prices needlessly?

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