We're in the money, we're in the money

[pzz76077]

uk debt clock

Wow scary figures.
Someone is going to have to pay for all of this, glad its not me.
Tax hikes coming soon?? Even that wont be enough.

PZZ

[chef]

uk debt clock

[DiscoStu]

Darling's economic master plan is dependent upon a weak sterling so will need to keep spunking more cash into the system, until ..... after the election when inflation goes mental

I'm seriously considering running up a load of debt just before hyper-inflation comes and wipes it all out

[Evil Hangover]

Darling's economic master plan is dependent upon a weak sterling so will need to keep spunking more cash into the system, until ..... after the election when inflation goes mental

[HairyArsedBloke]

150bn - pah, chicken feed. According to PZZ, a trillion squidlies was deposited in UK bank accounts yesterday all because they loved what Darling had planned for the banks. Fraking fantasist.

[DimPrawn]

http://www.telegraph.co.uk/finance/e...crease-QE.html

The move to pump more newly created money into the economy through the purchase of Government bonds and other assets would follow a stream of worse-than-expected economic data in recent days, and a lack of evidence that the programme of quantitative easing is having the desired effect.

"QE is not yet achieving its aims. The amount of money held by companies, and lending to businesses, both fell in May. More forceful measures are needed to nurture confidence," said David Kern, chief economist at the British Chambers of Commerce (BCC).

The MPC has so far committed to spending £125bn on QE, £25bn short of the £150bn authorised by the Chancellor. The BCC called for the ceiling to be lifted to £200bn.


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