[RichardCoulter]

Originally Posted by 1andrew1

Temporary tax reductions for the leisure sector sound sensible. I don't know how much capacity there is for public spending cuts though. Now is a time to be inventive and not same old, same old.

https://www.ft.com/content/b6cc50e8-...e-a825ec865b69

That's good. I'm looking to replace all my kitchen appliances anyway.

---------- Post added at 21:23 ---------- Previous post was at 21:21 ----------

Originally Posted by Taf

All down to The Bank of England doing a lot of Quantitative Easing. But who do they borrow from? And at what rates?

The very low Base Rate means the banks can get income for almost nothing, so they don't need to attract Depositors any more. Hence large drops in Depositor interest rates.

So the Capitalist System demands we "Spend! Spend! Spend!" to support the economy, rather than save for leaner times.

Unfortunately, many have noticed during lockdown that we used to spend far too much money on frivolous things. The missus, for example, sorted out all her clothes and footwear and announced "I never need to buy more ever again!"

They say that printing more money pushes up inflation, but I doubt that will be a problem for some time to come. I think that quantitative easing is a form of this.