{"id":309,"date":"2020-04-09T18:52:55","date_gmt":"2020-04-09T17:52:55","guid":{"rendered":"http:\/\/www.unbiasedfinancialgroup.co.uk\/blog\/?p=309"},"modified":"2020-04-11T13:51:23","modified_gmt":"2020-04-11T12:51:23","slug":"government-funding-world-first","status":"publish","type":"post","link":"http:\/\/www.unbiasedfinancialgroup.co.uk\/blog\/2020\/04\/09\/government-funding-world-first\/","title":{"rendered":"UK Government funding \u2013 world first"},"content":{"rendered":"\n<p> The UK became the first country in the world to respond to the coronavirus by having its central bank directly finance its government, rather than through the intermediary of the government debt market. It involves the government\u2019s account at the Bank of England (the \u201cWays and Means facility\u201d) being extended to a temporarily unlimited amount. That will enable the government to raise money faster in the short term, avoiding the need to tap the gilts market. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The UK became the first country in the world to respond to the coronavirus by having its central bank directly finance its government, rather than through the intermediary of the government debt market. It involves the government\u2019s account at the Bank of England (the \u201cWays and Means facility\u201d) being extended to a temporarily unlimited amount. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"http:\/\/www.unbiasedfinancialgroup.co.uk\/blog\/2020\/04\/09\/government-funding-world-first\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;UK Government funding \u2013 world first&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1,11,10],"tags":[],"_links":{"self":[{"href":"http:\/\/www.unbiasedfinancialgroup.co.uk\/blog\/wp-json\/wp\/v2\/posts\/309"}],"collection":[{"href":"http:\/\/www.unbiasedfinancialgroup.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.unbiasedfinancialgroup.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.unbiasedfinancialgroup.co.uk\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.unbiasedfinancialgroup.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=309"}],"version-history":[{"count":2,"href":"http:\/\/www.unbiasedfinancialgroup.co.uk\/blog\/wp-json\/wp\/v2\/posts\/309\/revisions"}],"predecessor-version":[{"id":313,"href":"http:\/\/www.unbiasedfinancialgroup.co.uk\/blog\/wp-json\/wp\/v2\/posts\/309\/revisions\/313"}],"wp:attachment":[{"href":"http:\/\/www.unbiasedfinancialgroup.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=309"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.unbiasedfinancialgroup.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=309"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.unbiasedfinancialgroup.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=309"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}