MegaSack DRAW - This year's winner is user - rgwb
We will be in touch
Why don't they simply give everyone a £1000 shopping voucher to use at a UK retailer within the next 6 months?
That'd surely help the economy loads more?
Ooh! Can I get mine for Mangal Ocakbasi Kebab House in Dalston, and the offie downstairs please? Thnx.
(Helping small businesses, innit?)
nah, it's the banks that need the money, not us or the wider economy
Why not just nationalise all the banks, then all the profit they make goes back into the national economy?
Sorted! 😀
IIRC they use the dosh to buy back govt bonds, which is good news in 2 ways, more dosh in circulation and creates demand for uk bonds which is good for our credit rating and general status (I'm no economist so take this with a picnh of salt and general disdain)
Creating this much money out of thin air sends inflation soaring, and it's high enough already, and the BOE are doing sod all about it with interest rates far too low.
This may be good news for people, and institutions, who have borrowed far too much (ie those who got us into this mess) but is really bad news for those with savings and no debts (ie those who took the responsibility to look after themsleves and live within their means)
TBH toys, I like Elf's kebab idea better
So let me tell you where I am with your bond idea ..........
😀
but is really bad news for those with savings and no debts
How can a 100 or so Lamb Bhunas be bad news?
The kebab and lamb bhuna idea would break the NHS.
Hold on hold on hold on; I made no mention of Lamb Bhunas. I just want that point made clear, thank you.
Not sure if 100 Lamb Bhunas is the easing effect the Gvt has in mind, result would be the same though poo everywhere.
Not if they're properly cooked and the people eating them are healthy. I've never suffered as a result of a Lamb Bhuna.
Anyway, Lamb Bhunas aren't part of the equation. 🙄
Anyway, Lamb Bhunas aren't part of the equation
it's my policy and I say they are
Well that's why you're not chancellor of the exchequer then, isn't it? With such stupid hair-brained schemes as that. 😐
Lamb Bhunas indeed. How preposterous... 🙄
Why do most of the commentators insist on calling it Quantitive easing?
coz that's what the BOE call it?
just a thought
Quantitive not as it should be quantitative 🙄
Still wonder where they actually got it from...
Still wonder where they actually got it from...
If everyone had a dig down the back of the sofa....
Exactly 2 years ago, almost to the day, at the Tory Party conference, David Cameron was denouncing Gordon Brown's government for supporting quantitative easing, insisting that a Tory government would oppose it.
Fast forward 2 years and a massive £75bn quantitative easing injection is announced.
When Cameron claimed 2 years ago that he was opposed to quantitative easing, the former member of the BoE's monetary policy committee, the economist David Blanchflower, described it as [i]"the most wildly dangerous thing I have seen in 100 years of economic policy in Britain"[/i] claiming that the Tories had [i]"no understanding of economics"[/i]
Today's announcement is just one nail in David Cameron's credibility coffin.
is it me or does "quantative easing" sound a bit like a pornographic accountant?