Tuesday, August 2, 2011
This will weaken our currency considerably, won’t it?
"The government should cut taxes and the central bank take more steps to pump money into the economy if Britain looks to be heading into a long phase of weak growth, the International Monetary Fund said on Monday. In addition the Bank of England should expand its asset purchases. However, should growth turn out stronger than expected and inflation remain high, quicker interest rate rises may be necessary, the Fund said".