Remove the Asset Purchase Facility Deed of Indemnity

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Remove the Asset Purchase Facility Deed of Indemnity

Petition Details

Since 2009, UK Taxpayers have been on the financial hook for losses by the Bank of England’s Quantitative Easing Policy. We think removing the deed of Indemnity against the UK Taxpayer would save the Treasury a significant sum annually.

Additional Information

Remove the Deed of Indemnity!

The Bank of England and the Treasury came up with this indemnity policy that we think is idiosyncratic and is estimated to cost the U.K Taxpayer over the lifetime of the policy in excess of £100 Billion.
We think that by removing the Indemnity policy it would be a simple fix to help the UK's Fiscal problems.

By removing the Indemnity policy it will be a simple fix to the UKs Fiscal problems.

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