Labour said analysis of recently published figures showed that a decline in the value of the Bank of England's assets over which the Treasury acts as a guarantor has been a huge loss to taxpayers, "equivalent to 10% of gross domestic product [GDP] in 2022, or the entire GDP of Scotland and Wales combined".
In a report assessing the impact on the exchequer, Labour said the problem had begun when Rishi Sunak was chancellor in 2020 and worsened in the aftermath of the former chancellor Kwasi Kwarteng's disastrous mini-budget last September.
Labour said the figures had been "slipped out" last month in the Treasury's annual accounts for 2022-23 - "one of 108 'transparency' publications issued by the government on 20 July to coincide with the start of the parliamentary recess and the three byelections held on that day".
Diese Geschichte stammt aus der August 10, 2023-Ausgabe von The Guardian.
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