Tuesday, March 3, 2009
NuLabor says thanks to savers
"The Bank of England is set this week to begin “printing money” in a ground-breaking move that will mark its most forceful action yet to curb the slump in the economy. The Bank’s Monetary Policy Committee is expected to act on Thursday, as soon as it is given a final green light from Alistair Darling to begin the so-called quantitative easing." In fairness, I accept that this might be the least worst option avavilable to the government now.