Just to clear things up a little. The Bank has not spent £65bn.

From the excert which Steve had quoted:

"Had the Bank not intervened with a promise to buy up to £65bn of government debt,"

It has not helped that the media have been reporting that £65bn has been spent. It hasn't. That is not to say that it will not be spent. We will have to wait and see: a) if that happens, and b) if anyone reports that fact.