Tootfinder

At last a sensible note on the bond problem that underpins the tax rises in #Budget2025.
"Slowing quantitative tightening, having the Bank of England absorb its own losses on its balance sheet and reducing the amount of interest paid out on reserves all offer ways for the government to recoup these losses and invest in public services and infrastructure. "
Budget tax rises to…

Budget tax rises to be overshadowed by Bank of England bond sales and losses
Bank of England to make cumulative losses of £112bn until 2030/31, wiping out the £78bn in tax rises raised in today’s budget

Summarised by my partner as "The bank of England is saying WATCH OUT CHAPS"...
https://www.theguardian.com/business/2025/oct/08/bank-of-england-warns-of-growing-risk-that-ai-bubble-could-burst

Sources: Bank of England officials are holding up Revolut's full UK licence over concerns about whether its risk controls can keep pace with its global growth (Financial Times)
https://www.ft.com/content/4d9eb502-bf18-4dc7-a1b5-5da9f4930d3f

From The Conversation
Mark Carney’s climate inaction is at odds with his awareness of climate change’s existential threat
Mark Carney has long been recognized as an authority on climate change. In 2015, as the governor of the Bank of England, he gave his famous “tragedy of the horizon” speech that introduced climate change to bankers as a threat to international financial stability.
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#canpoli

"Bank of England urged to do more to tackle climate crisis"
#UK #UnitedKingdom #Climate #ClimateChange