Voices in the military will see committee at the bank of england saying its not working yet well theres voices everywhere and now even some of the top x. Central Central Bank Governor was raising questions about q. E. In his announcement talked about the need for governments to do more expanding fiscal policy and thats a view thats becoming increasingly prevalent i think amongst Monetary Policy makers governments arent yet getting the message that we still havent seen expansion in fiscal policy to create demand in the economy that i think is so you need the roots of the response problem to what we have right now are the roots to be found in postings because. I know youve been writing about the fact that we keep emphasizing Household Spending rather than innovation and progress and the fact that money supply may not be the most important thing here it may be moved. The allocation is still in for the Chinese Communist but the way it is yes i think that is exactly the problem there isnt r
A Scottish Court rules Boris Johnson misled the queen we ask what is Boris Johnson is that the public on the man who was his top advisor tells us johnson shot to britains responsibilities in the fight against Climate Change all the more coming up in todays going on to grab a 1st straight to why the European Union has been forced to announce it will start printing tens of billions of euros from the vendor joining me is Research Head of University College london the institute for innovation and public purpose thanks for coming on how bad are things above after 11 years after the bailouts of the financial crash the e. C. B. Has to do this thats previously pretty 2. 6 trillion between 20152018 yeah i mean we are now i think in sort of a japan type situation where you know its been over a decade since the financial crisis weve had these massive monetary stimulus in the u. K. In the us europe the e. C. B. In japan we still havent got anywhere near the levels of growth. That we had precrisis
Paying my wages group think they think that entrepreneurs Small Businesses big corporations they will be investing thinking its all about the private sector and theyll do it yeah i think it is about to do that i think the theory of quantitative easing is basically that if the central bank the safe assets the Government Back on the some of the Corporate Bonds that are held by Institutional Investors as there is Institutional Investors will then own slightly risky of bones from the real economy from medium sized and those firms will then use that money to invest in Capital Investment productive activity in reality where there isnt enough demand in the economy and what youve seen is those investors just buying other types of Financial Assets buying up real estate in Capital Cities around the world which is. Flat exactly which is why you know young people cant buy bar flats anymore not just in london us and european cities as well increases. This is the religious this great faith bankers t
The week in parliament. Hello and welcome to the last week in parliament before decembers general election. Coming up. The new speaker takes his seat in the commons biggest chair. I hope this house will be once a great respected house, notjust in here but across the world. In the final days of the session mps push through a bill to compensate Abuse Victims in Northern Ireland. And a former conservative demands a report into alleged russian interference in uk democracy is published. The Prime Minister does not have Carte Blanche to alter our reports or remove material from them. And we talk to three of the 70 mps who are standing down about what prompted them to go. I thought somebody is trying to tell me something, i think i better pop off while i can still make it out on my own. But first. In the dying days of whats been a most turbulent parliament, mps elected a new speaker. John bercow, whod done the job for ten years had decided to stand down from parliament. 7 mps put themselves f
Monday in parliament. Hello and welcome to monday in parliament. We have a new Commons Speaker the question is that sir lindsay takes the chair of this house is speaker. Sir Lindsay Hoyle will succeed john bercow. This house will change but it will change for the better. And he gets a warm welcome. Youll also bring gore signature to our proceedings. We have a problem if they can hold the executive to account and i know that you will stand up for that principle. So after several hours of voting sir Lindsay Hoyle was finally elected to one of the most important jobs in politics. It fell to the longest serving mp, the former conservative chancellor, now independent mp, Kenneth Clarke to deliver the results. Sir Lindsay Hoyle beat six other candidates. The job of speaker comes with a salary of 150 thousand pounds and the added bonus that now he doesnt have to campaign in the coming election because its customary for candidates not to stand against the speaker. So no wonder sir lindsay was