Tag Archives: Monetary Policy Committee

Bank’s stimulus plan ‘has lined pockets of the rich’ – Business News – Business – The Independent

August 25, 2012 By in Austerity, Central banks, Central Government, Coalition, David Cameron, Euro Crisis, George Osborne, Politics Tags: , , , , , Leave a comment
The Bank of England in Threadneedle Street, Lo...

The Bank of England in Threadneedle Street, London. Deutsch: Sitz der Bank von England in der Londoner Threadneedle Street. (Photo credit: Wikipedia)

Check out this article from the Independent which looks at the impact of QE (quantitative easing) on the UK’s wealthy. It’s an interesting read.

Bank’s stimulus plan ‘has lined pockets of the rich’ – Business News – Business – The Independent.

The Bank of England‘s loose monetary policy and David Cameron‘s severe austerity drive, has meant that the pain has been far from equally shared across society.

Let me know what you think?

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Bank of England to restart printing presses as outlook dims | Reuters

July 5, 2012 By in Austerity, Central banks, David Cameron, Euro Crisis Tags: , , , , , , , Leave a comment
The Bank of England in Threadneedle Street, Lo...

The Bank of England in Threadneedle Street, London. Deutsch: Sitz der Bank von England in der Londoner Threadneedle Street. (Photo credit: Wikipedia)

This is a good article from Reuters, worth a read. Check it out!

Bank of England to restart printing presses as outlook dims | Reuters.

Personally, I support more quantitative easing but it is no substitute for a policy shift from the UK Government. Austerity is not working, nor are companies and individuals spending – they are frightened. The right policy response is huge stimulus to increase corporate and personal investment. I fear that George Osborne will impale, both himself and the UK, with the point of his austerity stick.

What do you think?