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Farage calls for BoE to halt bond sales and cut interest paid to banks
The Guardian
|September 26, 2025
The Reform UK leader, Nigel Farage, called for the Bank of England to halt bond sales and cut the interest it pays to UK banks, after a meeting yesterday with its governor, Andrew Bailey.
They met at the Bank's Threadneedle Street headquarters along with the Reform MP Richard Tice, after an exchange of letters in which the governor agreed to a meeting.
Farage and Tice would like to see politicians take a firmer grip on the operation of the institution, made independent by Gordon Brown when he was chancellor, in 1997.
Tice said: "If parliament, via the chancellor of the exchequer, gave a different steer to the Bank of England this could significantly reduce the need for tax rises at the budget. Subsequently I will be writing to the chancellor and the leader of the house requesting an urgent debate as soon as parliament returns."
This story is from the September 26, 2025 edition of The Guardian.
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