8 out of 10 agree: public health before economic growth
It’s official: a majority of people want the government to prioritise health and wellbeing over economic growth during the coronavirus crisis, and most still want to even when this pandemic is over – a YouGov polling we commissioned has revealed. Read more about it here.
The answer to Covid-19 is direct monetary financing
The Bank of England has the power to create new money in the economy, and they’ve been using this to buy government bonds off of private financial institutions to help fund the Treasury’s coronavirus spending. But – if they gave the money directly to government instead – the Treasury could spend without going further into debt and politicians would no longer be able to pretend that they need to claw that spending back with draconian austerity measures once the crisis is over.
Covid-19 proves existence of the magic money tree
To tackle Covid-19, the government announced billions of pounds of new spending. But after over a decade of austerity, how could they afford to pay for all this? Because there really is a magic money tree: it’s called the Bank of England.
Covid-19 reveals huge flaws in our economic system
In responding to coronavirus the Bank of England began by slashing interest rates and encouraging more lending to businesses, these policies do not go far enough. This crisis presents an opportunity to restructure, not reproduce, our current economic system.