Kyim (Kim) E. Fuller (@Kyim)

#UK #BoE=Bank Of England (#Unions sit on the board 😉) #Labour #RachelReeves #KeirStarmer=#MoneyLaundering=#CaymanIslands #WaspiPensions #WarOnPensioners Chancellor Rachel Reeves has been handed some headroom ahead of the Budget (Image: Getty) Chancellor Rachel Reeves has received a boost of up to £10billion ahead of the Budget prompting calls to re-think plans to cut the winter fuel allowance. Members of the Bank of England's Monetary Policy Committee (MPC) have said Threadneedle Street will shrink its balance sheet by carrying out £100bn of quantitative tightening (QT) over the next 12 months. The BoE policymakers' decision to slow the sale of UK government bonds means the Chancellor has up to £10bn of headroom ahead of October's Budget, reducing the need to cut spending and impose hefty tax hikes. Rachael Maskell, Labour MP for York Central, said the Government should "absolutely" review its decision to cut the winter fuel allowance for millions of people after the Bank of England's decision. https://www.express.co.uk/finance/personalfinance/1950935/rachel-reeves-bank-of-england-bond-sale