Bondage

If only Nick Robinson was a regular reader...

The BoE bought £1.025 billion of gilts out of £2.587 billion offered in its first buy-back on Wednesday, rejecting offers it thought were priced too high. On Thursday, it bought £1.415bn. On Friday it bought £1.194bn. Yesterday afternoon's auction required just £22m of the Bank's £5bn daily allowance - presumably the bond owners were all waiting for the Chancellor to tell them the latest policy of the day. 

I make the spend so far £3.8bn, out of a possible total of £20bn.