(Positive Money) - The Bank of England has created £375 billion through Quantitative Easing (QE). The money created has strengthened bank balance sheets and boosted the stock market, but has had limited effect on the rest of the economy. But there’s no reason QE can’t be put to better use – some simple reforms proposed by the New Economics Foundation could allow the Bank of England to put the money directly where it’s needed: building new homes, lending to small businesses and investing in green infrastructure.
A new report entitled “Strategic Quantitative Easing” published by the New Economics Foundation (nef) is calling for a strategic QE – investing in home building and energy efficiency, infrastructure and small business lending. If you have always wondered how exactly does QE work, and how it could work differently - this report will give you the answers.
Read the report here