Based on estimates, the BOE's yearly loss may surpass £20 billion as early as next year. Furthermore, the UK treasury is set to bail-out the Bank Of England's £11 billion QE losses.
When you thought UK Prime Minister Liz Truss had her budget under control, it seems like a new, much larger hole has suddenly sprung up and needs to be filled.
The challenging task of fixing a £40 billion hole in the government's books falls to the incoming UK chancellor, Jeremy Hunt.
However, accor...
