Is the hon. Gentleman aware that the sum total of this year's bond issue almost exactly matches the amount that has been bought in quantitative easing by the Bank of England? Does he not therefore understand that this huge increase in the deficit has so far been absorbed, because on one day the bonds are sold in Eastcheap and on the following day they are picked up by the Bank of England in Threadneedle street?
Budget Resolutions and Economic Situation
Proceeding contribution from
Lord Tyrie
(Conservative)
in the House of Commons on Wednesday, 24 March 2010.
It occurred during Budget debate on Budget Resolutions and Economic Situation.
Type
Proceeding contribution
Reference
508 c286
Session
2009-10
Chamber / Committee
House of Commons chamber
Librarians' tools
Timestamp
2024-04-21 20:39:52 +0100
URI
http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_633544
In Indexing
http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_633544
In Solr
https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_633544