Britians solution: Let's make sure personal debt grows

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Brachina
Britians solution: Let's make sure personal debt grows

http://m.theglobeandmail.com/report-on-business/international-business/e... Am I the only one concerned that the British solution is to basically tempt ordinary citizens and businesses to borrow more money from the private banks. Even if it works it leaves individuals under a massive burden, boosts that profits of the Private banks instead of ordinary Brits. I mean if the Bank of England,is,willing to just create money and give it to the Private banks then why not just create the money and use it as stimulas spending, instead of encouraging crippling debts on people. Did I miss something?