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QE has been on the order of £40-100bn a year for the last decade. By its size and regulation (only the central bank can do it, and only with the government's consent) it is clearly a significant aspect of central spending policy, and is an alternative to other forms of spending (because ultimately QE is just as inflationary, even though initially it inflates asset prices, e.g. housing, which are not measured in the headline inflation rate).
Clarification on local authority spending needededit
Latest comment: 23 days ago1 comment1 person in discussion
It is not clear whether local government spending is included or not. 'Other bodies' are mentioned in the first part, but it would be better to state whether on not other bodies includes or excludes local authorities. Hewer7 (talk) 11:37, 19 April 2024 (UTC)Reply