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".
Bu hikaye The Guardian dergisinin August 10, 2023 sayısından alınmıştır.
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Bu hikaye The Guardian dergisinin August 10, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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