75BN QE

[hornetrider]

Just announced. Marvellous.

[Digga]

Benders.

[nelly1]

That's on top of how much already?

[CT63]

Great, bye savings.

[chris watton]

'Printing money is the last resort of desperate governments when all other policies have failed'

George Osborne in January 2009.

[Nicholas Blair]

Might nip down to B&Q for a new wheelbarrow.....

[thinfourth2]

Excellent i will be able to pay off my mortgage with a few eggs

[chris watton]

thinfourth2 said:

Excellent i will be able to pay off my mortgage with a few eggs

We have three chickens that seemingly lay eggs at the same speed as a US Navy phalanx - want some?

[johnnybegood]

can someone explain what implications this has apart from our money that we already physically possess is worth less? I.E. hyper inflation

[996c2]

Hurray, low interest rate/mortgage rate for at least another year!

[V8mate]

If our government can pretend it's got loads more money than it actually has (my mum said lying was bad) why don't poor countries (Third World debt types) do the same and pay off their debts with pretend money?

Lots of countries pretending they've got more money than they actually have is unsustainable, right?

[Gargamel]

Instead of wasting the time giving the money to the banks, why not take the £75bn and cut income tax down to 35% and 15% for a few years. Much greater impact and a vote winner too.

[thinfourth2]

I can't wait to get these idiots out of office

you just can't trust labour with the econmoy






Oh we've already had an election i hadn't noticed

[chris watton]

Gargamel said:

Instead of wasting the time giving the money to the banks, why not take the £75bn and cut income tax down to 35% and 15% for a few years. Much greater impact and a vote winner too.

I never understand why they do not do this! It is a win/win situation - more tax revenue and overseas investors would flock here!

Would it be because the EU wouldn't like it?

[anonymous-user]

V8mate said:

If our government can pretend it's got loads more money than it actually has (my mum said lying was bad) why don't poor countries (Third World debt types) do the same and pay off their debts with pretend money?

Lots of countries pretending they've got more money than they actually have is unsustainable, right?

They can and do - in Zimbabwe it cost $25billion for a loaf of bread though.

[Digga]

Wurls said:

996c2 said:

Hurray, low interest rate/mortgage rate for at least another decade!

EFA

Not being facetous here, but I've been putting some funds aside in order to buy another daft, secnond car - this is still PH even if we are on NP&E - but I'm really am now thinking of using MEW on my offset mortgage - at least the 'facility' (i.e. my previous, significant overpayments) won't get thieved if my bank goes tits up.

It really does feel like the prudent are being thoroughly hammered now.

[M@verick]

Wurls said:

Big Orange Bangers everywhere.

By this do you mean QE will result in breasts ?. If so I fail to see a problem.

R.

[RichardD]

Digga said:

Not being facetous here, but I've been putting some funds aside in order to buy another daft, secnond car - this is still PH even if we are on NP&E - but I'm really am now thinking of using MEW on my offset mortgage - at least the 'facility' (i.e. my previous, significant overpayments) won't get thieved if my bank goes tits up.

It really does feel like the prudent are being thoroughly hammered now.

Sound thinking, for a sensible daft car may hold value better than cash in a savings account anyway (GBP).

My current policy is to bring forward personal infrastructure spending (aswell as making my daft car dafter ).

Back on topic, the country must be on the edge of the debt-compound-spiral as I believe it is called, as the growth isn't enough to pay for the interest on the additional debt!

[V8mate]

M@verick said:

Wurls said:

Big Orange Bangers everywhere.

By this do you mean QE will result in breasts ?. If so I fail to see a problem.

R.

But only in Essex. So you won't get to see them.

[anonymous-user]

Gargamel said:

Instead of wasting the time giving the money to the banks, why not take the £75bn and cut income tax down to 35% and 15% for a few years. Much greater impact and a vote winner too.

ffs, the boe arn't giving the money to the banks, they are buying gilts = lending the money to the government