QE or QT? The impact of these hangover expressions from another era is only now becoming apparent. Christopher Mahon of Columbia Threadneedle talks to Jonathan and Neil about how the Bank of England bought government stocks and sold them back at a loss. One example:paying £101 (QE) and later selling it for £28 (QT). The cost of this insane behaviour to the taxpayer? Probably over £115 billion (that's billion).

Secure your tickets to our live event in Edinburgh – on the life and times of Fred 'the Shred' Goodwin – by clicking here.

Presented by Neil Collins and Jonathan Ford.

With Christopher Mahon.

Produced and edited by Nick Hilton for Podot.

Hosted on Acast. See acast.com/privacy for more information.