Printing Money - UK Government


C

Charlie+

Just wondered if the figures are available for the historical and current
printing of 'extra to replacement' money by the UK Govt. and where to get
these figs?
I am interested in the devaluation of Sterling. It must be a tremendous
temptation at the moment to "print" money and I wonder if the Govt. is doing it
now as Sterling is devaluing like mad vs Euro etc.. Labour have a track record
from the 70s here I believe. Anyone here clued up and can kindly help a bit
with this?
Charlie+
 
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A

Andy Pandy

Charlie+ said:
Just wondered if the figures are available for the historical and current
printing of 'extra to replacement' money by the UK Govt. and where to get
these figs?
http://www.bankofengland.co.uk/statistics/nc/2007.htm

I am interested in the devaluation of Sterling. It must be a tremendous
temptation at the moment to "print" money and I wonder if the Govt. is doing it
now as Sterling is devaluing like mad vs Euro etc.. Labour have a track record
from the 70s here I believe. Anyone here clued up and can kindly help a bit
with this?
No. The crucial measure would be inflation - which although is rising is nowhere
near the levels of the 1970's. Also the current rise in inflation is mainly down
to external factors.

The depreciation against the Euro is not really significant, after all sterling
has appreciated more significantly against the US dollar.

There are simplistic conspiracy theorists out there who reckon that all the
inflation figures are fiddled since the increase in money supply is higher than
the inflation rate, but it's obviously much more complex than that. This page
gives a reasonable overview:

http://www.marketoracle.co.uk/Article4482.html
 
C

Charlie+

On Sat, 19 Jul 2008 11:47:33 +0100, "Andy Pandy"

Thanks for those pointers - Ill take a look at those sites..
I dont agree with you about the US - that just means that the dollar is
depreciating even faster than the £ against other major currencies!
Charlie+
 
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A

Andy Pandy

Charlie+ said:
On Sat, 19 Jul 2008 11:47:33 +0100, "Andy Pandy"

Thanks for those pointers - Ill take a look at those sites..
I dont agree with you about the US - that just means that the dollar is
depreciating even faster than the £ against other major currencies!
Or the £ is appreciating and the Euro appreciating even more so. The USD is as
valid a refernce as the Euro. The £ has appreciated about 45% against the $ and
depreciated about 15% against the Euro, compared to a few years ago.

It's nothing to do with printing money.
 

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