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Government Bonds Owned By The Bank Of England Are Not A Debt Burden, Even When They re Repaid Please share this article - Go to very top of page, right hand side, for social media buttons. I received this email very recently, and share it with the author’s permission: Hi Richard, Hope you re well. After reading some of your articles and watching one of your videos, I m left with a question that I hoped you could answer. The Bank of England holds lots of government debt. What happens when the bonds they hold mature? Doesn t the treasury need to pay the bank? ....