http://news.bbc.co.uk/1/hi/business/8187360.stm
The Bank of England's rate-setters have decided to pump another £50bn of new money into the economy in their programme of quantitative easing.
They have spent £125bn so far in their attempts to stimulate the economy by putting more money into circulation.
Bank of England governor Mervyn King had to ask the chancellor's permission to extend the programme beyond £150bn.
The rate-setters also decided to keep interest rates unchanged at their historic low of 0.5% for a sixth month.
I love this brilliant New Labour economy.
We don't make anything, all our service industries are going east, but hey, we just print money and the recession is over.
The Bank of England's rate-setters have decided to pump another £50bn of new money into the economy in their programme of quantitative easing.
They have spent £125bn so far in their attempts to stimulate the economy by putting more money into circulation.
Bank of England governor Mervyn King had to ask the chancellor's permission to extend the programme beyond £150bn.
The rate-setters also decided to keep interest rates unchanged at their historic low of 0.5% for a sixth month.
I love this brilliant New Labour economy.
We don't make anything, all our service industries are going east, but hey, we just print money and the recession is over.
Comment