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Government spent massively during Covid through borrowing, that's not QE. Edit: Level of QE does not imply that the government did not take on massive debts as
by mytailorisrich 4y ago
Government spent massively during Covid through borrowing, that's not QE.
Edit: Level of QE does not imply that the government did not take on massive debts as well. It's not one or the other.
- gghhzzgghhzz 4y agoThere's graph. QE went from 445bn before Covid to 895bn at end of 2020 https://www.bankofengland.co.uk/monetary-policy/quantitative-easing https://www.bankofengland.co.uk/monetary-policy/quantitative... EDIT: also https://neweconomics.org/2021/10/99-5-of-government-covid-debt-has-been-matched-by-so-called-bank-of-england-money-printing https://neweconomics.org/2021/10/99-5-of-government-covid-de...