It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
The Bank of England has voted to extend its programme of quantitative easing (QE), signalling a real fear that the UK is on the brink of a new recession. There had been growing support within the Monetary Policy Committee (MPC) for a new round of asset purchases to boost money supply. The nine-man panel decided to extend the QE scheme beyond the current £200bn by another £75bn over the next four months, saying: "Tensions in the world economy threaten the UK recovery."
I like the way Cameron said that we can solve the crisis if people pay off their credit cards..
The governments are stealing from the people and the nations and they are doing it with no regards to the impact that will have in future generations.
However there was embarrassment over the change to the text after a draft section on credit cards was given to newspapers and TV last night. The draft of the big speech stated: "The only way out of a debt crisis is to deal with your debts. That means households - all of us - paying off the credit card and store card bills. It means banks getting their books in order."
Britain could be in the grip of the "most serious financial crisis ever", the governor of the Bank of England has exclusively told Sky News.
Sir Mervyn King said the global and UK economies had been turned on their heads in the past three months alone and said: "The world has changed."
His warning comes after the bank's Monetary Policy Committee (MPC) voted to extend its programme of quantitative easing (QE) to boost economic growth.
The move has prompted fresh fears that the UK is on the brink of another recession.
Originally posted by purplemer
Who gets the money..? Will they be posting some cash to me.....