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?

Posted 11 years ago

Ooh! Can I get mine for Mangal Ocakbasi Kebab House in Dalston, and the offie downstairs please? Thnx.

(Helping small businesses, innit?)

Posted 11 years ago

nah, it’s the banks that need the money, not us or the wider economy

Posted 11 years ago

Why not just nationalise all the banks, then all the profit they make goes back into the national economy?

Sorted! 😀

Posted 11 years ago

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)

Posted 11 years ago

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)

Posted 11 years ago

TBH toys, I like Elf’s kebab idea better

So let me tell you where I am with your bond idea ……….

Posted 11 years ago

😀

Posted 11 years ago

but is really bad news for those with savings and no debts

How can a 100 or so Lamb Bhunas be bad news?

Posted 11 years ago

The kebab and lamb bhuna idea would break the NHS.

Posted 11 years ago

Hold on hold on hold on; I made no mention of Lamb Bhunas. I just want that point made clear, thank you.

Posted 11 years ago

Not sure if 100 Lamb Bhunas is the easing effect the Gvt has in mind, result would be the same though poo everywhere.

Posted 11 years ago

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. 🙄

Posted 11 years ago

Anyway, Lamb Bhunas aren’t part of the equation

it’s my policy and I say they are

Posted 11 years ago

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… 🙄

Posted 11 years ago

Why do most of the commentators insist on calling it Quantitive easing?

Posted 11 years ago

coz that’s what the BOE call it?

just a thought

Posted 11 years ago

Quantitive not as it should be quantitative 🙄

Posted 11 years ago

Still wonder where they actually got it from…

Posted 11 years ago

Still wonder where they actually got it from…

If everyone had a dig down the back of the sofa….

Posted 11 years ago

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 “the most wildly dangerous thing I have seen in 100 years of economic policy in Britain” claiming that the Tories had “no understanding of economics”

Today’s announcement is just one nail in David Cameron’s credibility coffin.

http://www.thisislondon.co.uk/standard/article-23754537-camerons-economic-plans-branded-wildly-dangerous.do

Posted 11 years ago

is it me or does “quantative easing” sound a bit like a pornographic accountant?

Posted 11 years ago