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£140bn to kickstart stagnant economy

britain economy

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#1    questionmark

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    Cinicus Magnus

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Posted 14 June 2012 - 08:11 PM

The Telegraph said:



The Bank of England is to offer money to high-street banks to kick-start mortgage and small business lending to prevent loans being rationed for many families and entrepreneurs, the Chancellor announced.

It comes after sharp rises in the costs of mortgages and other loans in recent months as banks struggle to raise money in the midst of the single currency crisis.

Sir Mervyn King, the Bank of England Governor, said that the “industrialised world have thrown everything bar the kitchen sink” at the global economic meltdown but that even “bolder action” was now required.

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Got to give 'em that this time it did not take them 10 years to commit the same error the US did....

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#2    acidhead

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Posted 15 June 2012 - 04:24 AM

well spent........ socialize the debt and privatize the profits..... great policy.

"there is no wrong or right - just popular opinion"

#3    acidhead

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Posted 15 June 2012 - 05:51 AM

---totally against the Free-Market-Capitalism system of government.

"there is no wrong or right - just popular opinion"

#4    itsnotoutthere

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Posted 15 June 2012 - 08:21 AM

View Postquestionmark, on 14 June 2012 - 08:11 PM, said:

Got to give 'em that this time it did not take them 10 years to commit the same error the US did....

Perhaps then we should follow the greek example & start the slow descent to poverty & anarchy.

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#5    stevewinn

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Posted 15 June 2012 - 03:18 PM

View Postquestionmark, on 14 June 2012 - 08:11 PM, said:

Got to give 'em that this time it did not take them 10 years to commit the same error the US did....

nothing succeeds like success, Britain is moving forward, still loaning money to the EU, still a net contributer to the EU, still contributing to the IMF. - you keep referring to the US, well look closer to home, the EU's plan B - was no plan whatsoever. whose still top of the tree? the USA. knock them all you want, yet its the US the EU is trying to imitate and failing.

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