Re: Plus: Euro Currency
Hmm, lets see how the UK is doing...
"Public sector net debt (excluding public sector banks) was £1,790.4 billion at the end of October 2017, equivalent to 87.2% of gross domestic product (GDP), an increase of £147.8 billion (or 4.5 percentage points as a ratio of GDP) on October 2016.
Of this £147.8 billion, £101.7 billion is attributable to debt accumulated within the Bank of England. Nearly all of it is in the Asset Purchase Facility, including £89.9 billion from the Term Funding Scheme (TFS)."
So that is just over £100 billion to prop up the financial services industry in one year - resulting directly in further house price inflation. If government policy puzzles you occasionally... follow the money.
Biting the hand that feeds IT
