All the updated news related to quantitative easing

All the news related to quantitative easing updated in real time

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City

Major UK banks see income more than double from cash held with Bank of England

Four of the UK’s biggest banks have received more than £9 billion in interest on cash held at the Bank of England, more than double the amount the previous year, according to new data. The UK’s Treasury Committee said the data showed a “staggering ...

01 May 2024 at 15:22

‘Not true’ that Chancellor wasted £11bn in debt interest, says Treasury minister

A Treasury minister has said claims that the Chancellor has wasted £11 billion of taxpayers’ money by paying too much interest servicing Government debt are “not true”. The National Institute of Economic and Social Research (NIESR) said on ...

10 Jun 2022 at 13:15

City

Labour-backing boss of UK lender criticises banks ‘subsidised by taxpayers’

The boss of a digital lender has said he is “not sympathetic” to banks that are “subsidised by the taxpayer”, as he called for change in the UK ahead of the General Election. Mark Mullen, the chief executive of Atom bank, was among a list ...

24 Jun 2024 at 00:01

Fact check: Changing Bank interest payments could save £11.5bn, estimate shows

(Correction: changing organisation to National Constitutional Committee in penultimate paragraph) Reform UK said its plan to stop the Bank of England from paying interest to commercial banks who hold quantitative easing reserves would ...

25 Jul 2024 at 15:54

Rupert Lowe dubbed ‘future leader’ as he calls for block on quantitative easing

The British state has become a “self-serving, greedy master of the people”, a Reform UK MP said as he called for quantitative easing to be prohibited. Rupert Lowe argued that MPs should be given the right to block the introduction of ...

08 Jan 2025 at 14:24

Windfall tax on banks could recoup QE losses and raise £8bn a year, IPPR says

Rachel Reeves should tax bank windfalls to recover taxpayer money spent on compensating losses from the Bank of England’s cash-printing drive, an influential think tank has said. Hiking a levy on the profits from major firms such as ...

01 Sept 2025 at 10:17

UK bank shares fall as fears raised in City over budget tax raid

UK bank shares have dropped after an influential think tank said Rachel Reeves could raise billions of pounds for the public purse by imposing a windfall tax on lenders. City traders were reacting to a report from the Institute for ...

29 Aug 2025 at 11:05

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