Pound’s going down. So, what’s the solution?
So, seventh, the answer is in the form of QE. It quite literally cannot be in anything else.
In order to increase the value of the pound we should make more of them.
Well done, vry well done that man.
Then Kwarteng could demand the Bank do £250 billion of QE (which is less than it did for Covid) to provide him with the money he needs in the next year. That would work, just as it did in the 2008 crash and in 2020 and 2021.
In that case the markets would not be asked for new money. They would not need to be spooked to the extent that they are now. The pound could stabilise, and even rise a bit.
Not an experiment I’d want to be anywhere near when it took place……