Farage urges Bank of England boss to stop bond sales

Nigel Farage urges Bank of England to stop bond sales, criticizing the quantitative tightening process for increasing taxpayer losses and government debt costs. Reform UK, led by Farage and Richard Tice, calls on the Bank to ease restrictions on cryptocurrencies, alleging it stifles innovation. The Bank's bond-selling initiative started in 2022 to unwind post-2008 financial crisis support, with losses borne by the Treasury. Farage and Tice push for parliamentary debate on the policy's significant financial impact and express concerns about bank interests on reserves under quantitative easing.