Central bank gilt sales cause taxpayer burden, Liz Truss argues

Central bank gilt sales cause taxpayer burden, Liz Truss argues
Bank of England under scrutiny for losses

Liz Truss, industry influencer, criticizes the Bank of England for its handling of inflation and quantitative easing.

She points to the bank's ongoing failure to curb inflation, negative effects of quantitative easing, and the significant losses being realized as gilts are sold at a loss, which she says are being imposed on taxpayers. Truss also notes a lack of political accountability regarding the central bank's contribution to the current economic crisis.

Truss has previously argued that persistent inflation is linked to ignoring changes in the money supply, challenging the dominant policy consensus in recent debates here. She has also called the Bank of England’s quantitative easing program disastrous, highlighting what she describes as a lack of accountability for its effects here. The latest remarks continue her focus on central bank policy shortcomings.

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