Wednesday, June 29, 2011
Snake oil salesman trashes the pound and your savings
''The Governor of the Bank of England Sir Mervyn King has suggested that interest rates would not rise until it was certain the economy was growing and there had been a drop in unemployment. He was giving evidence to MPs at the Treasury Select Committee along with other members of the bank. Sir Mervyn also indicated yesterday that a large cash injection directly into the economy to boost asset prices and spending was possible.''