Journalist: Where will the money come from to pay for these extra resources for the NHS?
Response: Quantitative Easing.
Journalist: But isn’t that just for banks?
Response: Who said that?
It was provided as it was regarded as essential to the country’s survival. So it is not any different for the NHS.
J: How much do you need?
R: 4 or 5 billion.
J: That’s an awful lot.
R: Compared with the 435 billion for the banks it’s nothing.
J: When will it be paid back?
R: In the future possibly – but probably never.
J: How can you not pay it back?
R: in the same way as the banks have had ten times as much rolled over for the last 10 years. Which they’ve never paid back and are extremely unlikely to. And they are Private Companies.
J: But we cannot do it for everyone.
R: Well if you cannot do it for everyone we must ask the private banks to pay back our government’s money because we need some of it for the NHS.
The banks didn’t get the QE. They did get the Special Liquidity Scheme and so on. And it has all been paid back.