Have you ever wondered how a government budget works? How borrowing works? Whether the magic money tree really exists? Positive Money are a group hoping to educate people on how a sovereign government has the ability to create and spend money. Simon Youel is Head of Policy & Advocacy at Positive Money, a…
Tag: bank of england
How Quantitative Easing Created £375 Billion
Have you ever wondered what happened to the £375 billion, equivalent to £6,000 for every man, woman and child in the UK, created by the bank of England electronically? Maybe you didn’t even know that the Bank of England could do this, or that they ever had. Sounds suspiciously like a magic money…
