The Bank of England has estimated it will require the Treasury to transfer a total of £150bn by 2033 to cover expected losses on the central bank’s quantitative easing programme, up from a previous calculation of £100bn.
The transfers represent both the continuing cash flow losses on the QE scheme — under which the BoE bought large volumes of gilts — as well as gains or losses made by the central bank when bonds mature or it sells the assets.
Read More : UK Government Confronts £150bn Bill to Cover Bank of England’s QE Losses