Do you know how money is created and gets into the economy?
The European Central Bank should retool its asset-purchase programme to fund a wave of new infrastructure spending across the continent, according to one of the world’s most powerful bond managers, reads Financial Times, 7th Dec 2016.
When the Chancellor took office, he pledged to “reset” economic policy. And the Prime Minister, recognising the effects of the Bank of England’s policies on inequality, promised to bring about a “change”.
Did you know that every UK citizen could have received £6834 if the money created by the Bank of England under QE programme had gone to people, instead of financial markets? Or if just £10bn were created and spent on the construction of affordable housing, it could boost GDP by up to £28bn?
On Thursday 3rd November 2016 Positive Money supporters gathered at the Bank of England and sent a clear message to the people who decide the UK’s monetary policy, as they made their way into their monthly meeting: