Bank of England urged to slow or halt bond-selling to slash UK borrowing costs

Bank of England urged to slow or halt bond-selling to slash UK borrowing costs

Economists have called on Treasury minister John Healey to ask the Bank of England to pause or reduce its programme of selling government bonds, arguing that the policy is raising the UK's borrowing costs and costing the exchequer billions. They contend that a slower pace could help lower financing expenses for the government overall public.