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Showing results for tags 'QE'.
http://www.bbc.co.uk/programmes/b09pl66b The actual documentary is called 'Shaking the Magic Money Tree'. Since the financial crisis, no less than £435billion of new money has been created through the policy of "quantitative easing", equivalent to a fifth of Britain's annual GDP. In this programme, financial journalist Michael Robinson finds out what happened to this staggering sum of money, and evaluates its effect on the lives of us all. With the help of expert testimony, Robinson explains how this controversial policy works, effectively creating money at the push of a button.
Theresa May has written an opinion piece in today's Times, including the following sentences on housing: "Monetary policy, in the form of super-low interest rates and QE, has helped those on the property ladder at the expense of those who can't afford their own home." ... "It's harder than ever for young people to buy their first house. There is a growing divide between a more prosperous older generation and a struggling younger generation. And there is a gaping chasm between London and the rest of the country." Shame no mention of BTL but the above is encouraging