Bank of England Hits the Pumps With Extra £50bn
King Merv has got authorisation for the Bank of England to hit the QE bilges and pump another £50bn of new money into the economy whilst keeping interest rates unchanged. In an understatement, they said that the UK recession “appears to have been deeper than previously thought”. Total spending on buying government and corporate IOUs will now hit £175 billion. If only it were as warm as Vegas. Related PostsOptimism PleaseHMRC Expects Nearly £10bn Extra From High-rate TaxpayersDeloitte: CGT taxpayers could quadrupleKPMG bumps …
King Merv has got authorisation for the Bank of England to hit the QE bilges and pump another £50bn of new money into the economy whilst keeping interest rates unchanged.
In an understatement, they said that the UK recession “appears to have been deeper than previously thought”.
Total spending on buying government and corporate IOUs will now hit £175 billion.
If only it were as warm as Vegas.
