Terrific Queen, shame about the country
Planet Normal
00:00
Is This an Error of Judgment?
This money wasn't remaining in the banking system, which is what happened after the financial crisis. This is corresponding to a massive fiscal deficit, with the chancellor handing out large amounts of money. And therefore the money landed up in the bank accounts of ordinary people and non financial businesses. All this in the context of these big cost rises, which i referred to earlier. So i do think this a an error of judgment. It seems to me it speaks to a general british phenomena, naturally, with regard to economic issues in general. The fundamental flabbiness about issues, not subjecting policies to detailed, careful debate and examination, things just accepted.
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