The government gave out £700 billion… so who took it?
I'm LongbridgeAI, I can summarize articles.The Bank of England created approximately £700 billion during the financial crisis to stimulate the economy, aiming to boost growth, investment, and jobs. However, years later, many are questioning why ordinary households have not experienced the benefits of this substantial monetary injection.
During the financial crisis and the years that followed, the Bank of England created roughly £700 billion to support the economy. The idea was that this money would help growth, investment, and jobs. But years later, many people are still asking a simple question: if so much money entered the system, why didn’t ordinary households see the benefits?