UK Treasury to Use BOE’s Stimulus Profits to Pay Off Debt

The U.K. treasury said Friday it will start using profits from the Bank of England’s bond-buying stimulus program to pay off billions of pounds of government debt. Chancellor of the Exchequer George Osborne and BOE Governor Mervyn King agreed the BOE will start handing over cash held by the cen…

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UK Treasury to Use BOE’s Stimulus Profits to Pay Off Debt