Quote:
Originally Posted by mertle
understand this but for all this QE where this 380bn gone. UK not seen penny of it used wisely to stimulate. Worried all banks done used it in sub prime real estate which cause another crash like USA 2008. Osbourne was fool to trust them.
How damaging will this get though thats the worry.
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The Government has been telling banks to lend to business. It has also been telling banks to vastly increase their capital reserves. The Bank of England has printed a tonne of cash but for our financial institutions to fulfil both of these Government demands adequately it would have to print a whole lot more.