Has that not been solved to some extent with the job-retention scheme, because the Government will issue bonds to fund that scheme, they will be bought by asset managers and the QE will buy those assets off the asset managers? That is the circular nature of that scheme. So this time round, as the Prime Minister said a few days ago, the support would be directed at the people, in terms of keeping them in work and in pay, rather than simply funding the banks. To a certain extent, this time QE does support jobs and real people.
Contingencies Fund Bill
Proceeding contribution from
Kevin Hollinrake
(Conservative)
in the House of Commons on Tuesday, 24 March 2020.
It occurred during Debate on bills on Contingencies Fund Bill.
About this proceeding contribution
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674 c283 Session
2019-21Chamber / Committee
House of Commons chamberSubjects
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