The BBC reports on the news that the Bank Of England is to "print" £50bn more out of thin air. The forgot to mention that the idiotic policy further devalues the UK pound in the currency markets, savers purchasing power, and crippling the desire for foreign investors to invest in the UK.
If the UK economy is doing so great, why are interest rates being kept at the scandalous and artificial low rate of 0.5%? Why is there any money printing scheme in operation. This is leaving the future taxpayer with a VERY big bill to pay... all to save Gordon Brown's / New Labour's neck.
Recorded BBC 1pm News, 06 August 2009.
Criminals
anyfekinnamewilldo 2 years ago
This yahoos actually thinks printing money with no backing works!
croemar 2 years ago
Sunita Bali is fit
delatroy 2 years ago