The Bank of England does not need a tiered reserve system for the Government to avoid austerity

Created
Mon, 05/08/2024 - 12:22
Updated
Mon, 05/08/2024 - 12:22
There is an interesting debate going on in the UK at present about the concept of tiered bank reserves. The concept is now being used by commentators to argue that the new British government does not need to inflict the austerity that the Chancellor has now announced (even though she is denying that is what…