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    The Guardian view on the Bank of England’s £120bn bill: power without accountability | Editorial

    The Guardian UK
    September 15, 2026
    via The Guardian UK

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    The Guardian view on the Bank of England’s £120bn bill: power without accountability | Editorial

    <p>Quantitative tightening has blurred the line between monetary and fiscal policy, leaving ministers accountable for decisions they cannot directly control</p><p>When Labour made the Bank of England <a href="https://www.theguardian.com/politics/1997/may/07/economy.uk">indepe

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