Printing Money - UK Government

Just wondered if the figures are available for the historical and current printing of 'extra to replacement' money by the UK Govt. and where to get
these figs? I am interested in the devaluation of Sterling. It must be a tremendous temptation at the moment to "print" money and I wonder if the Govt. is doing it now as Sterling is devaluing like mad vs Euro etc.. Labour have a track record from the 70s here I believe. Anyone here clued up and can kindly help a bit with this? Charlie+
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http://www.bankofengland.co.uk/statistics/nc/2007.htm

it

record

No. The crucial measure would be inflation - which although is rising is nowhere near the levels of the 1970's. Also the current rise in inflation is mainly down to external factors.
The depreciation against the Euro is not really significant, after all sterling has appreciated more significantly against the US dollar.
There are simplistic conspiracy theorists out there who reckon that all the inflation figures are fiddled since the increase in money supply is higher than the inflation rate, but it's obviously much more complex than that. This page gives a reasonable overview:
http://www.marketoracle.co.uk/Article4482.html
--
Andy



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On Sat, 19 Jul 2008 11:47:33 +0100, "Andy Pandy"
Thanks for those pointers - Ill take a look at those sites.. I dont agree with you about the US - that just means that the dollar is depreciating even faster than the £ against other major currencies! Charlie+

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wrote as underneath my scribble :

Or the is appreciating and the Euro appreciating even more so. The USD is as valid a refernce as the Euro. The has appreciated about 45% against the $ and depreciated about 15% against the Euro, compared to a few years ago.
It's nothing to do with printing money.
--
Andy



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