The Virtual Pub

Come Inside... => The Commons => Topic started by: Barman on August 07, 2009, 03:35:37 PM

Title: Bank of England to pump another ?50bn into economy to keep recovery going
Post by: Barman on August 07, 2009, 03:35:37 PM

Quote from: Times

The Bank of England announced that it would pump another ?50 billion into the economy to ensure continued recovery.

The move defied market expectations and put a dampener on hopes for a swift economic upturn.

The decision by the Bank to expand its programme of quantitative easing from ?125 billion to ?175 billion breaks the ceiling set by the Chancellor at ?150 billion. It also confirmed that interest rates would remain at 0.5 per cent for a fifth consecutive month.

Source (http://business.timesonline.co.uk/tol/business/economics/article6742214.ece)

I heard this on the wireless this morning but have been too busy to comment...  evil:

Seriously, what a fuck up! One hundred and seventy five billion Pounds... say it slowly...  noooo:

Title: Re: Bank of England to pump another ?50bn into economy to keep recovery going
Post by: Snoopy on August 07, 2009, 04:07:47 PM

Quote from: Barman on August 07, 2009, 03:35:37 PM

Quote from: Times

The Bank of England announced that it would pump another ?50 billion into the economy to ensure continued recovery.

The move defied market expectations and put a dampener on hopes for a swift economic upturn.

The decision by the Bank to expand its programme of quantitative easing from ?125 billion to ?175 billion breaks the ceiling set by the Chancellor at ?150 billion. It also confirmed that interest rates would remain at 0.5 per cent for a fifth consecutive month.

Source (http://business.timesonline.co.uk/tol/business/economics/article6742214.ece)

I heard this on the wireless this morning but have been too busy to comment...  evil:

Seriously, what a fuck up! One hundred and seventy five billion Pounds... say it slowly...  noooo:

I said it very slowly ~ it still sounds like a fuck of a lot of money we will have to pay back ~ those of us who pay taxes in the UK that is.

Title: Re: Bank of England to pump another ?50bn into economy to keep recovery going
Post by: Nick on August 07, 2009, 04:16:42 PM

http://leg-iron.livejournal.com/200472.html (http://leg-iron.livejournal.com/200472.html)

Title: Re: Bank of England to pump another ?50bn into economy to keep recovery going
Post by: Snoopy on August 07, 2009, 04:27:31 PM

I cannot fault his arguments.

Title: Re: Bank of England to pump another ?50bn into economy to keep recovery going
Post by: Barman on August 07, 2009, 06:23:00 PM

Leg-iron...  cloud9:

Title: Re: Bank of England to pump another ?50bn into economy to keep recovery going
Post by: Grumpmeister on August 07, 2009, 07:11:31 PM

Time to start raiding the toy shops I think, at this rate the money in a monopoly game is going to be worth more than the pound.  Banghead