The longest serving chancellor since the nineteenth century has suggested a plan of action to raise funds.
Jeremy Hunt and Rachel Reeves agree on one thing: that there's no money in the kitty, that the UK has too much debt and has to reduce it.
He told me in an interview for the Peston Show that he would raise a minimum of £1.3 billion a year from banks - and perhaps a multiple of that - by implementing in the UK what the Swiss and Eurozone central banks do. In practice the net loss to the BoE is less than £40 billion, because it generates interest on £730 billion of government bonds it owns.
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