Daily Mail
"Former Bank of England official Danny Gabay said the biggest participants in the unprecedented quantitative easing scheme were likely to have been foreign investors."
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Do we need to print this money? (John Redwood Diary)
"We need to ask why? If you take the last three months figures for money supply and express them as a an annual rate, the recent rate of money creation has been lively. The latest figures show notes and coin growing at 12.2% - that is literally printing money - and wider money including all our deposits in banks growing at 22.6%. Yes, 22.6%.
.....The hope of the scheme is that this extra money will be spent on home produced goods and services, bringing factories back into use and leading to more people having jobs. Unfortunately it can also go elsewhere. It can go into pushing up prices, it can be spent on more imported goods and services, it can linger in bank tills and book entries and go nowhere as the broken banks throw an extended fit of caution after their past excesses."
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