Pantheon: UK could issue tax cut Gilts in next downturn

Amid criticism of the effect of quantitative easing (QE) on asset prices, the Bank of England could buy themed government bonds instead of regular Gilts in the next downturn, according to Samuel Tombs, chief UK economist at Pantheon Macroeconomics. This would be designed to ensure that QE directly helped the economy.

  • By Jasper Cox
  • 01 May 2019

Tombs drew attention to a speech prime minister Theresa May gave during the October 2016 Conservative Party conference.

“While monetary policy — with super-low interest rates and quantitative easing — provided the necessary emergency medicine after the financial crash, we have to acknowledge there have been some bad ...

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