Early day motion · EDM 1138 · 18 Mar 2010

INTEREST FREE CREDIT

Tabled by Austin Mitchell (Labour) 8 signatures

The motion

That this House believes that HM Treasury should alleviate the effects of the recession and prevent the continued escalation of debt by matching the amount of money created through quantitative easing by the Bank of England with interest free cash for financing works in the public interest, thus addressing the enormous imbalance between interest bearing credit and interest free cash in the overall money supply.

Source: the official Early Day Motions database.