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Oral question asked in the House of Lords, by Lord Williams of Elvel (Labour). It was answered by Lord Newby (Liberal Democrat) on Monday, 24 June 2013.


Bank of England: National Debt

Question

To ask Her Majesty’s Government what proportion of the national debt is currently held by the Bank of England.

Answer

My Lords, Bank of England data state that the Bank of England’s asset purchase facility currently holds £326.3 billion of gilts by nominal value. This was equivalent to 24.1% of the total stock of gilts and Treasury bills at the end of March 2013.


Secondary information

Type
Oral question
Reference
746 cc504-6 
Session
2013-14
Oral question type
Lead
Chamber / Committee
House of Lords chamber
Subjects
Bank of England Government securities Public sector debt
Link
View this Oral question on www.publications.parliament.uk