Comments by "Safir Ahmed" (@safirahmed) on "Quantitative tightening denies us the investment we need" video.

None of the social security benefit cuts claimed by New Labour are necessary and there is no £22 billion black hole. Tax rises are not necessary to fund public services and not necessary to fund government spending. £22 billion is a small amount of government expenditure and the government owned Bank of England could easily use Quantitative Easing to cover any money required to fully fund social security benefits, fully fund winter fuel allowance and fully fund all disability benefits and fully fund all public services in both central government and local government. Quantitative Easing could fully nationalise privatised utilities, telecom and broadband, Royal Mail and bus and rail services with greatly reduced prices for users of these services. Bank of England has previously spent £4 trillion on Quantitative Easing from 2009 - 2022 with £200 billion spent in 2009, most of this money has gone to institutional investors. Quantitative Easing could permanently end austerity. Nigel Farage supports privatisation of public services and deregulation of financial services the same deregulation responsible for the banking crisis and massive bank bailouts of 2008 onwards.
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@stephfoxwell4620 No it's not, according to the Bank of England.
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@stephfoxwell4620 I have not added the national debt. The amount you quoted is about the amount HM Treasury spent on bank bailouts (£856 billion) during the banking crisis from 2008 with a HM Treasury commitment of £1.2 trillion by around 2012 for further bank bailouts.
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@stephfoxwell4620 No, you are incorrect. The numbers and the amount of Quantitative Easing that I mentioned were taken from the Bank of England website in previous years.
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@stephfoxwell4620 No, it's £4 trillion spent by the Bank of England from 2009 - 2022 on Quantitative Easing.
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@stephfoxwell4620 It's not nonsense as it's straight from the source.
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@stephfoxwell4620 I have not misunderstood and I am being honest. Clearly you are projecting and cannot accept being wrong.
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@stephfoxwell4620 I have wasted enough time and energy responding to your comments, my information on Bank of England Quantitative Easing is from the Bank of England website and have provided evidence, it's just you cannot accept this. I will not reply any further to you.
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