“The Bank of England is facing major losses on its bond purchases — and it’s set to get much worse”

“…In late July, the central bank estimated that it would require the U.K. Treasury to backstop £150 billion ($189 billion) of losses on its asset purchase facility (APF)…

Raja concluded that the cost to the Treasury of indemnifying the central bank over the next two fiscal years will be around £23 billion higher than the OBR forecast in March, coming in at £48.7 billion for the current fiscal year and £38.1 billion next year before falling sharply across the following two years as the bank rate falls and the overall size of the APF stock is depleted…”

https://www.cnbc.com/2023/08/30/bank-of-england-bond-losses-to-cost-government-20b-more-than-expected.html