Bank of England Trying to Boost Economy

The video discusses the economic challenges faced by the UK, focusing on the Bank of England's quantitative easing efforts and their limited impact. Critics argue for targeting the housing market and exploring alternative strategies like property investment and the helicopter drop. The video also highlights the need for supply side measures to improve the business climate, emphasizing the importance of finding effective solutions to stimulate the economy and prevent further recession.

What is the primary criticism of the Bank of England's quantitative easing strategy?

• It reduces the value of the currency.

• It directly boosts the housing market.

• It only affects the price of government bonds.

• It increases inflation significantly.

What is a 'helicopter drop' in economic terms?

• A way to distribute money directly to the public.

• A strategy to increase government bonds.

• A method to lower interest rates.

• A technique to invest in private assets.

Why is the Bank of England considering alternative strategies like the 'helicopter drop'?

• Quantitative easing has been too successful.

• Interest rates are already at their lowest.

• The housing market is booming.

• Traditional methods have been exhausted.

What does the former member of the Bank's Monetary Policy Committee suggest?

• Focusing on supply-side measures.

• Increasing quantitative easing measures.

• Investing more in government bonds.

• Continuing with demand-side strategies.

What is the current state of the UK economy according to the transcript?

• It is in the longest slump in modern history.

• It is unaffected by global economic trends.

• It is recovering quickly from the recession.

• It is experiencing rapid growth.