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Reply to: The Bye Bye Cameron Thread
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Previously on "The Bye Bye Cameron Thread"
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I was quite pleased about the coalition, anything to get rid of New Labour.
With Brexit hindsight I wish I'd voted for Brown. Or Milliband.
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Gordon Brown has just left Downing Street bound for the House of Commons.
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Originally posted by Gonzo View PostYou mean, the government has started printing the money?
The Govt does not print money, it just sells 10-20 year gilts.
BoE prints money to buy gilts by proxy, but don't worry it will get its money back in 20 years.
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The Pound is dropping and gold is up this morning, but not significantly, yet.
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Originally posted by TimberWolf View PostIt's meaningless and disingenuous statement if by that he didn't mean support. What was the point in saying it otherwise, especially with detail in regard to the number of seats and votes.
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Originally posted by AtW View PostThat's because Govt allegedly induces commercial banks to buy gilts then quickly sell them back to BoE for freshly printed GBP to make big fat margin and avoid making BoE buy gilts directly.
HTH
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Originally posted by Gonzo View Postthere was no trouble with raising an extra £2,500,000,000 of government borrowing this morning
HTH
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Well, GBP is holding up and there was no trouble with raising an extra £2,500,000,000 of government borrowing this morning so perhaps that is a sign that the markets do not fear the lib-lab government.
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