Petition · HM Treasury
Scrap the taxpayer indemnity for Bank of England QE bond losses
Closed
33 signatures
What the petition asks
Remove the Bank of England's taxpayer indemnity for QE bond losses. The Treasury should amend the 2009 agreement so the BoE bears its own QT losses like other central banks.
UK taxpayers cover some of the BoE's QE losses – estimated £134bn in total. We believe that when rates rose, QT accelerated losses faster than other nations, and that this 2009 policy creates reckless incentives and costs every household £350/year. We think scrapping it could: 1) Stop this unfair burden 2) Align UK with global norms 3) Improve fiscal responsibility without affecting monetary policy.
Timeline
| 10 Sep 2025 | Petition opened for signatures |
| 10 Mar 2026 | Closed to new signatures |
Key facts
Signatures
33
Status
Closed
Department
HM Treasury
Opened
10 Sep 2025
Closed
10 Mar 2026
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Source: the official petition page. Last checked 29 Aug 2026.