The U.K. treasury said Friday it will start using profits from the Bank of England's bond-buying stimulus program to pay off billions of pounds of government debt. Chancellor of the Exchequer George Osborne and BOE Governor Mervyn King agreed the BOE will start handing over cash held by the central bank from next year, the treasury said in a statement. The BOE has bought 375 billion pounds ($599 billion) of U.K. government bonds under its stimulus program, also known as quantitative easing. The bonds are held in the BOE's asset purchase facility, which had accumulated GBP23.8 billion of surplus cash from the interest ... (full story)