The government and the Bank of England are using a new scheme – the Covid Corporate Financing Facility (CCFF) – to bail out the UK’s largest …
HM Treasury
Bank of England provides £7.5 billion in big business bailouts – hidden from public view
While SMEs struggle to gain access to government-backed loans, large corporations have already been bailed out to the tune of approximately …
The ultimate magic money tree has been unveiled – don’t let the government tell you otherwise
Despite the extension of the Ways and Means facility and expanded Quantitative Easing, the Treasury and the Bank of England might still deny …
Major breakthrough on public money creation: The Bank of England will directly finance government coronavirus spending
UK central bank becomes first in the world to adopt direct monetary financing to fund government spending during the coronavirus crisis. …
To help fight Covid-19 the Bank of England must commit to direct monetary financing
The Bank of England is indirectly financing the Treasury’s spending on the response to Covid-19. We welcome this development, but further …
More private debt isn’t the solution, this crisis calls for bold measures
Coordination between the Treasury and the Bank of England is welcome, but in the midst of a crisis, more private debt is not the answer. The …
Three principles for responding to the Covid-19 economic fallout
Covid-19’s economic fallout is intensifying. In response, the Bank of England and the Treasury must coordinate to implement targeted …
Should credit be guided? (IIPP)
This blog was originally posted on the UCL Institute for Innovation and Public Purpose blog, hosted on Medium. In academic and policy …