• Home
  • Search
  • EDMs
  • Members
  • Topics
  • Help
  • Session

Early Day Motion

EDM 743
 
INTEREST FREE MONEY
22.02.2005


Mitchell, Austin

That this House believes that for public and social infrastructure developments interest-bearing debt is unsatisfactory, burdensome and inadequate; notes that borrowing is not the only available method of financing; and therefore calls on the Government to grant the Bank of England, within that institution's inflation targets, the power to generate sufficient interest-free credit, and to allocate it to a national credit agency for disbursal for such local and national public and social infrastructure development projects as this House shall from time to time determine.