The U.K. and the Flow of Funds involving: the Bank of England, U.K. households and the U.K. Government

Kees De Koning ()

MPRA Paper from University Library of Munich, Germany

Abstract: In the U.K.,like in other countries, households have usually two main savings objectives: Buying a home and saving for a pension. Both are long term commitments. When the Bank of England increases its base rates, households are often forced to limit ordinary expenses in order to give priority to serving the two savings objectives. Their is another solution: using existing savings levels in home equity. The Bank of England could create a funding scheme "QE Home Equity" which could help households to overcome the cost of living crisis and thereby maintain economic growth.

Keywords: Fund; flows; from; households; into; savings; for; pensions; and; home; equity.; Bank; of; England; support. (search for similar items in EconPapers)
JEL-codes: E2 E21 E24 E3 E31 E4 E42 E44 E5 (search for similar items in EconPapers)
Date: 2023-01-03
New Economics Papers: this item is included in nep-ban and nep-mon
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