Give everyone in England and Wales £10,000 to boost the economy.

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Give everyone in England and Wales £10,000 to boost the economy.

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As an alternative to the Bank of England continuing to give billions of pounds to the banking sector to promote growth (which has failed to work), a cheaper and more cost effective solution would be to give everyone £10,000 to spend. This would have the effect of helping businesses, boosting growth and ideally create a healthier economic environment. Even if some people failed to spend the money, this is likely to be a minority and there would still be more money coming into the economy than currently being provided by the banking sector.

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