Monday, May 11, 2009

Oversight...

A good day to bury bad news...well it was: last Friday the MP abuse of expenses story was all over the media...coinciding with THIS news. Oops, "The Bank of England yesterday stepped up its aggressive campaign to end Britain’s economic slump by ordering a surprise £50 billion expansion of its radical scheme to jump-start growth by 'printing money'." The BoE buying more UK government debt, would've thought it, eh?

Update 13th May: ...and of course the Bank of England are much gloomier than the government about the recovery too. "The Bank has cut its growth forecast over the next two years..." No mention in Parliament today; maybe tomorrow.

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5 comments:

Les Paul Junior said...

Quantative easing? It's just a license to print money, if you ask me!

(O.K., I;ll get my coat)

Paul said...

Span (and Shy) - if you have ten seconds to spare type the words "Brown takes gamble on economy" into google and see how many times those words have featured during the last twelve years along with the size of each 'bet'.

Span Ows said...

Will do that later...after tonight's cup final, is it on in Engalnd? Should be "a bit rough"

Type in "Gordon Brown is a..." and see the suggestions Google throws up...hahahahahaha

Shy...very good! hehehe

Paul said...

When you were a child did your parents ever cancel Christmas? I only pose the question because SKY couldn't be arsed to show the final despite having shown all the previous rounds apart from the first round, which usually involves overseas Spanish enclaves like Cueta (sp?). Anyway it was shown on the Interweb and Part One of the Trilogy is secure.

Span Ows said...

Well you know all about it now...Athletic out of the blocks like a rocket...upset on the cards...for half an hour. Then it was another game although the first goal had a spot of luck and awful defending. Borjan's goal (the 3rd) was real class a la Thierry (very mature) and a great 4th by one of the gigantic dwarves ;-)