With all three major parties committed to deficit reduction, there seems little role for government spending in crucial areas of the economy, including infrastructure, house building and small businesses. The Bank of England's £375bn Quantitative Easing and Funding for Lending schemes have, so far, failed to stimulate lending to these areas; rather QE has supported the financial sector and the government itself. Even with no additional QE, £100bn of gilts will be maturing over the next 5 years. Instead of simply repurchasing the bonds, the Bank could direct its asset purchases to the sectors needing investment, and help rebalance the economy.
Come and hear Josh Ryan-Collins of the New Economics Foundation lead a panel discussion on how 'Strategic QE' could be used to create sustainable growth not dependent on consumer or public debt.
Light refreshments will be provided.
Speakers
- Vicky Pryce, Chief Economic Adviser, CEBR
- Steve Hughes, Deputy Head of Economic and Social Policy at Policy Exchange
- Josh Ryan-Collins, Senior Researcher, Monetary Reform at New Economics Foundation
- Dr Rebecca Harding, CEO, Delta Economics
Sponsor
The Faculty of Business & Law, London Metropolitan University
About the Industry Forum
The Industry Forum promotes constructive dialogue between public policy makers, industry operating in the UK, and leading commentators. It has operated for nearly 20 years and has established good relations with the main political parties and the parliamentary select committees.
Focusing on current key issues, it provides opportunities for policy makers to explain policies and objectives face-to-face with businesses that can give practical and unfiltered feedback. The aim is that this process should lead to economic and social benefits by improving public policy related to business.
The core membership programme focuses on a range of key current or strategic issues and features some 20-plus meetings per year on topics chosen by members. Our events are informal and interactive, and adhere to the Chatham House rule. The majority are held in Central London sponsored and hosted by members. Attendance is by invitation-only to members and guests. Attendees are predominantly business professionals who bring their own current and practical views and information
The Industry Forum is set up as an independent not -for-profit company unaligned to any political party or interest. It is registered under the Companies Act and operating in accordance with the Political Parties, Elections and Referendums Act 2000.