Bianca Rahimi 
Press TV, London    The British government has rolled out many different schemes to fight the Covid-19 pandemic’s onslaught on its economy.  During the Covid-19 pandemic millions of Britons have been sent home by struggling business and employers to sit it out.

To prevent a spike in redundancies and mass unemployment the government has introduced a furlough scheme to pay 80 percent of their wages up to 2500 a month.

In August 2020 the Eat Out to Help Out scheme revived the hospitality industry a little and businesses have been offered grants to keep their heads above water until spring.

But many of you might be wondering, where all this money is coming from? The truth is The Bank of England is using quantitative easing to keep government borrowing costs down.

In other words, the Bank is printing money for the government to spend.

The adverse effects of the banks printing 450-billion pounds to deal with the Covid-19 crisis will be seen in the very near future and be felt by ordinary working people who receive a fixed salary every month.

The reason for that is, all this printed money will invariably end up in the bank accounts of rich and influential people and might not trickle back down.  whereas before money flowed in a circular fashion in the economy, with ordinary workers paying mortgages and bills to property and business owners, who went on to spend that money on more assets and living the life, money is now flowing on a straight line from the Bank of England, where it's being printed, into the pockets of the ordinary working people and then into the pockets of the rich.

By the end of the 2020- 2021 financial year the UK is expected to set the highest recorded level of borrowing in peacetime history.  But all this surplus money in the economy will lead to it's devaluation, further impacting ordinary people with fixed salaries by pushing property prices further up and out of their reach