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Showing results for tags 'national debt'.
In 2014 the Bank of England stopped reporting data that had been required since 1844, due to concerns that it might reveal Bank Operations and reduce the ability of the Old Lady to intervene to save the markets. That the decision to recommend that was made by three ex-BoE employees, is irrelevant. Anyway The BoE reports this now http://www.bankofengland.co.uk/publications/Documents/weeklyreport/2016/2610.pdf The new weekly report. It has a thing called "Loan to Asset Purchase Facility" That seems to increase by something like £2bn to £2.5bn each week. Or at least that is what is has done over recent weeks. Now since £2.6bn represents £41 per person per week in UK, or £2,166 per year per person. I wonder what it is? For my family of 5 that represents the BoE increasing its Loan to Asset Purchase by a rate equivalent to about £12k/annum. That sounds a disturbingly huge amount? Does anyone know what this is?