{"id":134297,"date":"2025-11-29T17:05:14","date_gmt":"2025-11-29T17:05:14","guid":{"rendered":"https:\/\/www.themintmagazine.com\/?p=134297"},"modified":"2025-11-29T17:05:14","modified_gmt":"2025-11-29T17:05:14","slug":"budget-tax-rises-to-be-overshadowed-by-bank-of-england-bond-sales-and-losses","status":"publish","type":"post","link":"https:\/\/www.themintmagazine.com\/budget-tax-rises-to-be-overshadowed-by-bank-of-england-bond-sales-and-losses\/","title":{"rendered":"Budget tax rises to be overshadowed by Bank of England bond sales and losses"},"content":{"rendered":"<header class=\"post-header post-header--conveyor\">\n<div class=\"post-header__text\">\n<header class=\"article-header\">\n<div class=\"post-subheader has-summary\">\n<div class=\"post-subheader__summary\" role=\"region\" aria-label=\"summary\">\n<div class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD\" data-testid=\"paragraph-0\">\n<div class=\"post-subheader has-summary\">\n<div class=\"post-subheader__summary\" role=\"region\" aria-label=\"summary\">\n<div class=\"post-subheader has-summary\">\n<div class=\"post-subheader__summary\" role=\"region\" aria-label=\"summary\">\n<div class=\"post-subheader has-summary\">\n<div class=\"post-subheader has-summary\">\n<div class=\"post-subheader__summary\" role=\"region\" aria-label=\"summary\">\n<p>The \u00a378bn cumulative tax rises announced by the chancellor in today\u2019s budget risk being wiped out by the \u00a3112bn worth of losses the Bank of England due to its active sales from quantitative tightening, the New Economics Foundation (NEF) has warned.<\/p>\n<p>The Office for Budget Responsibility (OBR) assumes the Bank will be making \u00a332bn worth of bond sales per year.\u00a0<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"su-button-center\"><a href=\"https:\/\/neweconomics.org\/2025\/11\/budget-tax-rises-to-be-overshadowed-by-bank-of-england-bond-sales-and-losses\" class=\"su-button su-button-style-default\" style=\"color:#FFFFFF;background-color:#68cf8a;border-color:#54a66f;border-radius:10px\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"color:#FFFFFF;padding:8px 26px;font-size:20px;line-height:30px;border-color:#96deae;border-radius:10px;text-shadow:none\"><i class=\"sui sui-sign-out\" style=\"font-size:20px;color:#FFFFFF\"><\/i>  <small style=\"padding-bottom:8px;color:#FFFFFF\">Click here for full article at New Economics Foundation<\/small><\/span><\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/header>\n<\/div>\n<\/header>\n","protected":false},"excerpt":{"rendered":"<p>The \u00a378bn cumulative tax rises announced by the chancellor in today\u2019s budget risk being wiped out by the \u00a3112bn worth of losses the Bank of England due to its active &hellip; <\/p>\n","protected":false},"author":1549,"featured_media":134303,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[54,58,1879,5,45],"tags":[101,1200,903,2317,2691,877],"class_list":["post-134297","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-sector","category-government","category-money","category-news","category-uk-ireland","tag-bank-of-england","tag-bonds","tag-budget","tag-labour-party","tag-quantitative-tightening","tag-uk"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.themintmagazine.com\/wp-json\/wp\/v2\/posts\/134297","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.themintmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.themintmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.themintmagazine.com\/wp-json\/wp\/v2\/users\/1549"}],"replies":[{"embeddable":true,"href":"https:\/\/www.themintmagazine.com\/wp-json\/wp\/v2\/comments?post=134297"}],"version-history":[{"count":0,"href":"https:\/\/www.themintmagazine.com\/wp-json\/wp\/v2\/posts\/134297\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.themintmagazine.com\/wp-json\/wp\/v2\/media\/134303"}],"wp:attachment":[{"href":"https:\/\/www.themintmagazine.com\/wp-json\/wp\/v2\/media?parent=134297"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.themintmagazine.com\/wp-json\/wp\/v2\/categories?post=134297"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.themintmagazine.com\/wp-json\/wp\/v2\/tags?post=134297"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}