Question to the HM Treasury:

To ask the Chancellor of the Exchequer, how much money his Department has sent the Bank of England to cover its losses on bonds in the 2023-24 financial year to date.

So far in financial year 2023-24, HM Treasury has transferred £33,196 million to the Bank of England to cover losses arising from the Asset Purchase Facility in line with the indemnity provided by HM Treasury. This covers losses incurred from net interest costs and the sale and redemption of bonds.

Data on these quarterly cash transfers between HM Treasury and the Bank of England are made publicly available by the Office for National Statistics (ONS) in their monthly Public Sector Finances publication. The data is available at the following link under the ONS series ID MF7A in worksheet PSA9B:

https://www.ons.gov.uk/economy/governmentpublicsectorandtaxes/publicsectorfinance/datasets/publicsectorfinancesappendixatables110