Government Bonds Owned By The Bank Of England Are Not A Debt Burden, Even When They re Repaid
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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?