Charlie Bean the Deputy Governor of the Bank of England spells out their strategy.
Wikipedia Charlie Bean http://en.wikipedia.org/wiki/Charlie_Bean
BOE privately owned http://the-tap.blogspot.com/2010/02/who-owns-bank-of-england.html
This video is embeded on here
http://independence4wales.com/2011/bank-of-england-to-fund-866miles-of-super-high-speed-railways-in-uk
Apparently the best way to spend 75billion pounds to get the country out of recession is to pay off a fraction of the debts of private banks.
Paying off a fraction of the debts of private banks is apparently better than paying off the debts of small businesses or paying off the personal debts of the UK people.
The tax payer paying off the debts of the banks is apparently better for the UK economy than paying all the monthly mortgage repayments in the UK for 9months.
Of course it is.
Duration : 0:2:19