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At June 2007 UK banks' cash deposits at the Bank of England were £2.4bn ($4.9bn), while the notes and coin held in their tills were worth just under £8.8bn and their holdings of Treasury bills were under £8bn. By contrast, their total sterling liabilities were over £3,150bn.

Is that true?? what a mess

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Thought this was a handy summary - can't show it in this post because of my fubar'd settings.

http://www.nakedcapitalism.com/2010/11/the-british-mess-ii.html

Plus some perspective on what Ireland is being forced to take and what the UK will need.

Don't be silly, out bankers are home to some of the best financial brains in the world as evidenced by the fact that they are paying their staff several billion in bonuses this year ...

After all they wouldn't want to lost that 'talent' which has made them great!

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  • 415 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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