Treasury and Bank of England announce extension to Ways and Means ‘Overdraft’
9th April 2020
HM Treasury and the Bank of England have agreed to extend temporarily the use of the government’s long-established Ways and Means (W&M) facility. The W&M facility functions as the government’s overdraft account with the Bank of England, i.e. the facility which enables sterling cash advances from the Bank to the government. The previous high for […]