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yesterday the Bank of England propped up Britain’s faltering economy by the tune of £50 billion doe’s that mean that more tax payer’s money as gone on this debt of trillions if so then the conservatives have fo oked up good style
Its called quantitative easing which means they print fifty billion quid from thin air isnt it?
The money is pumped into the economy with the intention of inflating it i.e boosting the economy which could lead to higher inflation which could then result in higher interest rates if we return to growth.
They have been doing this for a while and it doesnt seem to be working-i think we are in a situation similar to the depression of the 1930’s but QE costs nothing because they are creating money.Its called quantitative easing which means they print fifty billion quid from thin air isnt it?
The money is pumped into the economy with the intention of inflating it i.e boosting the economy which could lead to higher inflation which could then result in higher interest rates if we return to growth.
They have been doing this for a while and it doesnt seem to be working-i think we are in a situation similar to the depression of the 1930’s but QE costs nothing because they are creating money.Not the torries as the Bank of England is independent now. To raise this money we usually sell bonds picked up by China and the middle east countries, we will need to pay it back.
thanks for your replies so in effect it is borrowing money some thing the tories always called Labour for
thanks for your replies so in effect it is borrowing money some thing the tories always called Labour forYep thats the one.
Which is ironically exactly what Labour want to do…
We need a credible opposition to this coalition having just watched Harriet harman on BBC news tneet fecking rolls eyes
I saw the interview she did regarding Labour’s “big idea” on getting unemployed youngsters into work. My God it was embarrassing.
Maybe she should stick to banging on about equality for women and leave the serious stuff to the men.
And so after the success of privatisation of the railways
and the energy sector the tories now want to privatise the roads,NHS and Royal mail fecking brilliant goodpost not
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