Comments by "Safir Ahmed" (@safirahmed) on "The Bank of England is driving the UK economy into recession" video.

Bank of England has spent £4 trillion on Quantitative Easing from 2009 - 2022 with £200 billion spent on Quantitative Easing in 2009 and most of this money gone to institutional investors. Successive British governments from 2009 could have used Quantitative Easing to prevent, alleviate and eradicate poverty, could have been used to stop austerity, stop benefit cuts, fully fund public services and renationalise privatised companies, replace infrastructure and build a national high quality national council house building programme. Austerity, privatisation and infrastructure transfer from the public sector to the private sector is wealth transfer from the people to the wealthiest on the planet.
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@faramir The £4 trillion spent by the Bank of England is from their official data for the years from 2009 - 2022 published on the Bank of England website.
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@a.lerner8468 Richard J Murphy has explained that the government can borrow money from the government owned Bank of England to settle debts as the debts are in Sterling and accepted as payment for foreign countries.
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@a.lerner8468 The New Statesman reported the late Queen was then the world's biggest landowner now the King with 6.6 billion acres of land.
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@faramir The key finding is that Neoliberal ideology of Thatcherism, austerity, benefit cuts, cuts to public services, privatisation and denial of investment has always been unnecessary and designed to transfer wealth from the people and the country to the wealthiest on the planet.
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