The Labour Government

[PPT]

Thanks for the clarification. My post was written quite quickly. The main thru

I’m afraid that’s an entirely inaccurate description of how quantitative easing and government financing works in the UK.

QE does not directly fund the UK government - it does not equate to monetary financing - and the Bank of England’s actual ability to directly fund the UK government during emergency periods is done via the Ways and Means facility. The W&M is entirely distinct from QE, and is effectively an overdraft facility which is only used for a short finite period and in exceptional circumstances, when it is believed that the government’s funding requirements - which are managed by the DMO - would risk unsettling bond markets.

As for QE, this doesn’t equate to direct government financing due to the fact that (i) when the BoE purchases bonds as part of QE operations, it only buys from the secondary market, I.e. from the stock of outstanding gilts held by investors, rather than directly from the DMO/government, and (ii) the funds used to make QE purchases create another, separate liability for the government, such that QE changes the nature of government debt, rather than the immediate level.

QE purchases do boost the level of bank deposits across the economy, because investors who previously held gilts are now holding cash, but these are distinct from government financing, and an increased level of deposits does not necessarily boost bank lending, as typically proved the case in the UK.

That's him schooled. Again...

 

[hampshireblue]

That's him schooled. Again...

Good Morning PPT. I'm sure you got a degree of pleasure for my inaccuracy-something which I acknowledged in public. I'm interested in the word "again". Now I realise this may need you to use more than 5 syllables, but crack on. i have every confidence the silence will be deafening.

 

[Vic]

The first 60 seconds of that video tells you all you need to know...
Absolutely shameful.

I know. GB News always is.

 

[Fiftyyearsandcounting]

They also CLAIM to be in service of the public....what a laugh.

Talk about claim culture..........fucking hypocrites the lot of 'em

Lloyd-George-
"Politicians are like monkeys. The higher they climb, the more revolting are the parts they expose".

 

[mackenzie]

Lloyd-George-
"Politicians are like monkeys. The higher they climb, the more revolting are the parts they expose".

I don't like monkeys. I was taken to Belle Vue when I was about 4 and one showed me it's arse. I was mortified lol

 

[mancityvstoke]

I don't like monkeys. I was taken to Belle Vue when I was about 4 and one showed me it's arse. I was mortified lol

All them houses...elephant house , etc etc stunk

 

[stonerblue]

I'll post this here, not looking for any replies. Not even expecting the Labour zealots to watch it. If any of you do though, just let the first 3 or so minutes sink in. Please don't come back saying how it's all perfectly justifiable. It isn't. You know it isn't. I know, we all know. So let's not getting into a silly discussion about how it's all perfectly normal and OK. It just makes you look daft, and I am not going to engage in any such nonsensical discussion anyway, so there's no point. Just watch it, let in sink in a bit and reflect on what sort of bloke is in No 10.

i'd rather drink me own piss than watch murdoch tv

 

[mackenzie]

All them houses...elephant house , etc etc stunk

They certainly did! I was only a small child but I remember it vividly.
And couldn't understand why the monkey was allowed to show it's horrible bare arse, and why it wasn't covered up.
With hindsight I was a prissy little madam lol

 

[Kompany Car]

I don't like monkeys.

Davy Jones was alright being an Openshaw lad, other three were wronguns though.

 

[mackenzie]

Davy Jones was alright being an Openshaw lad, other three were wronguns though.

;-)