How money is made at the hit of a button

During 2017's general election, Theresa May argued there was "No magic money tree" to pay for the things some voters wanted. But… there is indeed a Magic Money Tree!! Since the financial crisis, no less than £435billion of new money has been created through the policy of "quantitative easing", equivalent to a fifth of Britain's annual GDP. Financial journalist Michael Robinson talks to Sarah John, Head of the Sterling Markets Division at the Bank of England to find out how money is created. First broadcast on Shaking the Magic Money Trees, 29 January 2018.