Originally Posted by
hulahoop7
Bank of England currently owns about 50% of government debt. Plans this week to increase quantitative easing. The interest from that deb goes... back to the government. All Boris needs to do is change that debts status. Never to be paid back, but interest to be paid forever. A circle will be formed and 50% of uk debt will effectively disappear.
Firstly, The BoE owns 25% not 50%. Secondly, writing the debt of would lead to hyperinflation. Dont worry, YOU (and I) will pay for it in taxes and inflation. For the rest of our lives.