Who Pays For QE?

So the Bank of England is reigning back on QE but holding interest rates at 0.5%. I guess the former should be regarded as good news. Do you realise that over the last few months HMG issued about as much debt as the Bank bought? Sounds a bit like a Ponzi scheme to me. And who is paying for it? Why, you and me. That's also true of the Funding for Lending scheme. Banks have the scheme as a cheap source of lending capital; they don't need to rely so much upon savers' deposits; therefore they don't need to entice us in with decent interest rates. Thanks, Mr Osborne!