Richard Murphy: "the Bank of England is deliverately putting the #UKeconomy into a downward spiral as a result of its quantitative tightening. This will force #RachelReeves to impose #austerity. However, rather than austerity, she should tell the Bank of England to stop selling #bonds (unless she is fearful of #banks)."

Fulk vodcast link: https://youtu.be/JxHbSmSkIzA

#economy #ukpolitics #labourparty #ukgovernment #chancelloroftheexchequer #bankofengland #ukbanks

The Bank of England is driving the UK economy into recession

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@earthbeingx

In 1997 the Government announced its intention to transfer full operational responsibility for monetary policy to the Bank of England. The Bank was given its independence as a central bank.