英翻中：EDM 4082 suggests both a new way of raising money for Government and how to spend it for th
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Government borrowing has existed since 1694 when the Bank of England was created and subsequently legalised in The Tonnage Act of 1696,to“lend money to the Government”.Concern over this dubious practice was such that Section 9 of the Bank Charter Act of 1844 required that any profit accruing to the Bank of England (then a private bank) from the creation of currency was to be paid to Government.
It is for this reason that EDM 4082 – as a matter of urgency and in face of apathy due to lack of analysis and understanding from Parliament demands some restoration of the public’s right of seigneurage12,also spelled seignorage14 or seigniorage15,from the creation of both cash and non-cash money,as was their right and privilege bestowed by the Crown many hundreds of years ago.