75 Billion Quid Pumped Into The Economy By The Bank Of England. What If...

[Tom Hark Preston Park]

... they just gave each of us a million quid to spend as we saw fit?

'In the UK and Germany it is customary to increment the nomenclature of high numbers by millions, so a billion is 1 million million, or 1,000,000,000,000.
So, in those countries 75 billion would be 75,000,000,000,000'

Might have got me figures wrong by a factor of something, but say there's roughly 75 million people in the UK. The Bank of England wants to pump 75 billion quid into the economy.

What would ACTUALLY happen if they just bypassed the banks and gave us a million quid each instead of this 'trickle-down' bollocks?

Apologies in advance for being thick

 

[Barrel of Fun]

I reckon the country would collapse as I am sure I would not be the only one not going to work for a week or two (!!), if I had a job that is

 

[8ace]

Don't we use US billions now, i.e 10 to the power 9, a thousand million

 

[Bob!]

What would ACTUALLY happen if they just bypassed the banks and gave us a million quid each?

I think the common usage of billion is now the US version, i.e. 1,000 million = 1 billion.

In answer to your question, what would happen if they gave us a million quid each, inflation is what would happen!

 

[El Presidente]

OOh great, the banks can spend it by speculating on commodity prices and drive up the price of copper, gold, oil, coffee and wheat, hats off to higher inflation.

 

[Tom Hark Preston Park]

Don't we use US billions now, i.e 10 to the power 9, a thousand million

A hundred grand each in that case

 

[brunswick]

currently a billion is a thousand million, and a trillion is a thousand million.

 

[Billy the Fish]

.....

 

[Tom Hark Preston Park]

currently a billion is a thousand million, and a trillion is a thousand million.

A hundred grand each in that case

 

[Alex Alex Dawson oo! oo!]

OOh great, the banks can spend it by speculating on commodity prices and drive up the price of copper, gold, oil, coffee and wheat, hats off to higher inflation.

Whiich is what Stephanie Flanders should have asked Mervyn King about on PM this evening.

 

[Robdinho]

A hundred grand each in that case

I make it £1000 each...

 

[CheeseRolls]

I blame that clown Gordon Brown. When is this country going to get rid of the incompetent fool. A Tory government would make it a priority to balance the books and sort this mess out.

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[Bob!]

A hundred grand each in that case

I make it one thousand pounds.

75,000 million / 75 million = 1,000

 

[Goldstone Rapper]

I blame that clown Gordon Brown. When is this country going to get rid of the incompetent fool. A Tory government would make it a priority to balance the books and sort this mess out.

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That's not a good advert for the data transfer speeds of the HTC Wildfire ;-)

 

[Tom Hark Preston Park]

I make it one thousand pounds.

75,000 million / 75 million = 1,000

*SIGH*

That'll barely keep me in butter in KFC London Road for a year

 

[vegster]

Wasn't it only a couple of days ago that our Chancellor, Mr Osborne berated the last Labour government for spending more money than they had yet...... Under a Tory government they just create money that never existed ?

 

[Cadiz Seagull]

I blame that clown Gordon Brown. When is this country going to get rid of the incompetent fool. A Tory government would make it a priority to balance the books and sort this mess out.

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You sure it's not Margaret Thatcher´s fault?

Or possibly Mark McGhee?

 

[Chicken Runner61]

It was on the cards which is why the European Bank sold off gold futures a few weeks back to drive the price down.

Its one big manipulation to protect currencies while they try and print their way out of trouble.

Why didn't Cameron give everyone the money to pay off our credit cards?

Why dont they give us the printed

 

[Ernest]

Should give everyone a £1000 in shopping vouchers to pump the money into the economy rather than give it to the banks

 

[seagull_special]

They should just convert the 75billion into redeemable Green Shield Stamps which have to be spent within 3 months, toaster sales would go through the roof and the economy would be saved