New research by Professor Richard Murphy shows that the Bank of England will this year receive at least £20.1 billion as some of £375 billion QE fund is repaid as the gilts in which it is invested reach their final redemptions dates.
QE was never going to be repaid, was it? All going to be cancelled….
This will happen despite the fact that it is now widely thought that this type of quantitative easing has helped wealth flow into the hands of those already well off and that it has, as a result, helped create the financial bubbles that are now bursting all around the world.
Err, yes, that’s egat QE was supposed to o, raise the price of safe assets so that pople went out along the rik curve. That’s exactly what it was supposed to do.