Thursday, 24 March 2011

The Times publish my letter calling for Citizens' QE to pay for house-building

Published in print and online here.


Sir, George Osborne’s support for first-time buyers is welcome. Yet he is investing a tiny sum in comparison with the multibillion-pound support package put in place for the banks, whose actions precipitated the financial crisis. What is to stop the Government printing enough money to build enough houses to support, say, a million jobs or more? Printing money is, after all, what the Bank of England is doing to prop up the financial sector, in the guise of quantitative easing.

John Slinger
Rugby, Warks

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