Conservative-DUP Deal - £1bn the price for strong and stable government?

Sonic67

Sonic67

If you print more money, you devalue the money. Each pound is worth less as you produced more of them.

What is quantitative easing? - BBC News

What are the risks?
The biggest concern is that pumping more money into the economy could ultimately lead to an inflation problem.

When inflation is close to zero, as it is in the UK and the eurozone at the moment, a bit more upward pressure on prices can be seen as a good thing. But some politicians and economists have opposed the idea of QE in principle, because they believe in the long run there's a danger that it could create too much inflation.

Others argue that the extra money has just bolstered the price of some assets such as shares and property in some countries.

Rasczak

Considering May had to delete most of her Queen's speech, I think Lily was probably on the mark. Does that mean May will eat a goat? Or will the taxpayer front up another £1bn for the DUP to eat it on her behalf?

Sonic67

The queen's speech is not for the full parliament. Normally they only cover one year, but this one will be two as the legislative burden for brexit will be very large.

Rasczak

She said "her Queen's Speech" and she eats a goat. No explanation as to what conditions there were.

Not like it's that hard anyway. I'd just go for a Gurkha goat curry. Job jobbed.

Sonic67

It wasn't "her" Queen Speech though was it?

Jezza99

Government's Queen's Speech clears Commons - BBC News

BBC has it as "Government's."

Pacifico

It was actually a financial decision, and not a difficult one to make. With a deficit of £155 Billion, Government spending had to be cut, and PS pay is a big chunk of that spending. The deficit is now down to £50 Billion, so there is still a way to go. Personally I would have liked to see some real austerity, with much deeper and faster cuts, so the deficit could have been wiped out by now. Political realities dictated otherwise.

Toko Black

Have basic economics changed in the last 100 years?

Pacifico

Yes.