The U.K. and the Flow of Funds involving: the Bank of England, U.K. households and the U.K. Government

In the U.K.,like in other countries, households have usually two main savings objectives: Buying a home and saving for a pension. Both are long term commitments. When the Bank of England increases its base rates, households are often forced to limit ordinary expenses in order to give priority to serving the two savings objectives. Their is another solution: using existing savings levels in home equity. The Bank of England could create a funding scheme "QE Home Equity" which could help households to overcome the cost of living crisis and thereby maintain economic growth.