Bank of England could finance UK government

The Bank of England has agreed to temporarily lend the government money if needed to help finance its massive COVID-19 spending plans, reviving a measure used during the 2008 financial crisis.

Sensitive to claims it is resorting to ‘monetary financing’, or permanently supporting government spending by printing money, the BoE stressed its move was a short-term measure - with any money borrowed to be repaid by the end of 2020.