44 UK Conservative MPs request a review of Bank of England's independence and QT policy due to inflation concerns.
44 UK Conservative MPs demand review of Bank of England's independence due to concerns over its quantitative tightening (QT) policy. The MPs claim that the Bank's QT programme, involving selling government bonds, could cost taxpayers £4,361 each between 2023 and 2025, and that the UK experiences higher inflation than comparable countries. They call for a Treasury-led review of the Bank's QT programme, its mandate, and its independence.
May 18, 2024
7 Articles