Thursday, April 11, 2013
Government appropriation jumps another 35bn
These companies are supposed to drive the economy.. anyway, so they now have to hand over ANOTHER 35 bn to the government ( one thousand pounds per UK worker) which will spend it immediately and give them an IOU. Possibly this is due to the astonishing level of Japan QE but even so. Next year Osbourne covered himself (not the UK) by dropping gilt requirements 8% due to transferring the interest payments back from the BoE(the cash supposed to cover future gilt losses..). 2015 who knows? Pensioners in the UK never seem to consider that in the future people might not want to support their grandiose self-signed pension agreements.