The Bank of England has just crossed the line into straight government financing

| November 9, 2012 | 0 Comments

So now we know why the Bank of England’s Monetary Policy Committee called a halt to more Quantitative Easing this week – it’s because the Chancellor and the Governor of the Bank of England have concocted a backdoor way of doing the same thing. The latest little (actually quite big at a tidy £35bn) money […]

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