[OscarCunningham]

During QE they didn't just give the money to the banks, they bought stuff from the banks. This introduced new money into the system without being unduly unfair (although by the nature of buying a lot of things at once the price was lower than it would otherwise have been).

This means that when the BoE wants to contract the money suply (as it's doing now) it has assets to sell off.

If it printed money and then gave it away then it would be in a sticky situation if it wanted to shrink the money supply again.

Also producing that much extra cash every year would produce a high rate of inflation. This would have very weird effects and would probably be highly unpleasant for everyone.

[collyw]

I don't really see it as especially fair. I had done my calculations and worked out that a house price correction was well overdue. Instead my taxpayer money was used to keep the prices artificially high, while the bankers kept their huge bonuses and I got next to no interest on the money II had saved for a deposit. How exactly was that fair?

I agree that it would probably cause innflation, but why not just repeat every ten years? As I say it would devalue money for everyone. It would also give a lump some to everyone. That is going to be positive for the people who need it the most and worst for the people that need it the least.