My knowledge of economics is a bit lacking to say the least but could someone explain how the bank of England can suddenly make £250 billion available to the banks to avert market crisis?
I understand a bit about quantitive easing but is this a different sort of money that can't be made available to other national services that could desperately use it?
I realise that monetary value floats all over the place but how can banks get an injection when the NHS doesn't? Why is the finance sector special?
I understand a bit about quantitive easing but is this a different sort of money that can't be made available to other national services that could desperately use it?
I realise that monetary value floats all over the place but how can banks get an injection when the NHS doesn't? Why is the finance sector special?
