UK government borrowing costs fall as Bank of England outlines new bond-selling plan – as it happened

BoE lays out proposal to sell UK bonds back to the government, and wind up the asset purchase scheme launched after the GFCBank of England urged to slow or halt bond-selling to slash UK borrowing costsThe Guardian view on the Bank of England’s £120bn bill: power without accountabilityNewsflash: Britain’s economy has been more productive since Tony Blair’s first election win than previously thought.A new measure of measuring productivity, just released by the Office for National Statistics, shows that annual productivity growth since 1997 has been stronger than it had estimated in the past. Continue reading…