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Thanks to Facts4eu picking up the important story about unacceptably large bond losses, with the bill sent to the UK taxpayer.
November 28, 2024
Indeed and who is mainly to blame but the Con-Socialists but the dire Sunak and Javid/Boris who appointed him (despite his appalling record) and now the ever more appalling Starmer/Reeves.
November 28, 2024
Just regarding the note the other day about your subscription offer John, I would be very keen to subscribe if it goes ahead. Thanks
November 28, 2024
No wonder the Governor was so quick to blame Truss and Kwarteng when his Ponzi scheme looked set to collapse in 2022.
November 28, 2024
BoE is ‘retiring’ it’s share of Gilts, – Good, but Gilts in issue are still rising, being bought by the market.
https://www.ons.gov.uk/economy/governmentpublicsectorandtaxes/publicsectorfinance/timeseries/bkpm/pusf
Money Supply M4 here, looks little changed:
https://www.ons.gov.uk/economy/grossdomesticproductgdp/timeseries/auyn/qna
The retired BoE Gilts, are being replaced by higher yielding new issued Gilts, so money is more expensive but available – for now, so long as the market believes UK government will keep paying its debts. Watch the Gilt yields.