Wednesday, September 12, 2012
Â£31bn slush fund sits untouched amid austerity carnage
What happens to the redeemed value of bonds purchased by the BofE's asset purchase fund company under QE? You'd have thought the money gets paid to HM treasury and is put to use on schools, hospitals and so on. But apparently Â£31bn is sitting in an account at the Bank of England, accounted "owed to HM Treasury" and is just sitting there, doing nothing, while the economy goes down the drain. Follow the links to the BofE report and see it with your own eyes... Is the easiest place to hide something ... in plain view?!