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abril 09, 2020

HM Treasury and Bank of England announce temporary extension to Ways and Means facility

HM Treasury and Bank of England announce temporary extension to Ways and Means facility

9 April 2020
HM Treasury and the Bank of England (the Bank) have agreed to extend temporarily the use of the government’s long-established Ways and Means (W&M) facility. As a temporary measure, this will provide a short-term source of additional liquidity to the government if needed to smooth its cashflows and support the orderly functioning of markets, through the period of disruption from Covid-19.