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Notification of Contingent Liability
13 May 2025
Type
Written Ministerial Statement
Department
Treasury
At a Glance
Issue Summary
The Treasury is reducing the authorised maximum size of the Asset Purchase Facility (APF) for asset purchases.
Action Requested
The authorised maximum total size of the APF has been reduced to £619.7 billion, comprising entirely of gilts. The risk control framework and regular risk oversight meetings will continue to be in place.
Key Facts
- The MPC decided on 3 February 2022 to reduce stocks held in the APF.
- Sales of corporate bonds ceased on 6 June 2023, with some reaching maturity by 5 April 2024.
- As of 12 November 2024, total stock of assets fell from £654.5 billion to £619.7 billion.
- HM Treasury will continue monitoring risks through regular meetings and enhanced information sharing with the Bank.
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Assessment & feedback
Summary accuracy