Should QE now be used for the common good – extending and adapting the work of Birmingham Energy Savers?

Posted Posted in Bank of England, Banks, City council, Devolution, Economy, Employment, Energy, Environment, Finance, Green New Deal, Import substitution, Local economies, Localisation, Low carbon, Manufacturing, Planning, Politics, Renewable energy, Transition, Transport

. Quantitative Easing currently benefits the non-bank financial sector, commercial banks and the Treasury Under QE, Hansard evidence informs us, the Bank of England’s Asset Purchase Facility purchase of just under £375bn of government bonds from the non-bank financial sector has led to a lowering of long term interest rates. The non-bank financial sector and commercial banks now hold more […]