Cutting rates by 0.5% to 0.5%
£75 billion quantitative easing (buying assets or printing money-think Zimbabwe)
Analysts say - will have no effect
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2009
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March
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- Bank of England mortgage approvals March 2009
- Taxpayer pays for Home Secretary's porn
- Can Gordon Brown embarrass us anymore?
- Dunfermline Building Society collapses
- INTEREST RATES SET TO SOAR
- Brown gets lectured in Chile
- Guido Fawkes AKA Paul Staines vs Derek 'the Dark O...
- The failure of today's Gilt Auction suggests Mervy...
- Daily Mash - THERE'S NO MORE MONEY, SAYS MAN WHO P...
- The darkness is coming
- Watch the devalued Gordon Brown get both barrels
- Inflation crisis - Brown creates the perfect storm
- The crisis in the UK
- Diane Abbott - a lesson in left wing snobbery
- McNulty taking the piss out of us now.
- Stop Press - Another government failure
- Another great Matt Cartoon
- Day of Reckoning for the mortgage market is postponed
- Day of Reckoning for the mortgage market
- Is Gordon implementing the 1983 manifesto?
- New Labour currency slang
- Daily Mash - BROWN APOLOGISES FOR NOT BEING EVEN M...
- Has the FSA ever been ahead of the game?
- Upcoming change to my house price target
- Saying sorry Gordon Brown style (2)
- Saying sorry Gordon Brown style
- My thoughts on pre-election polling
- Regime change is needed in the UK
- Gordon Brown and Greenspan still don't get it
- Gordon Brown says we should take exception to his ...
- Gordon Brown's Sorry
- Gordon Brown addresses Congress - mashup
- Mandy gets guacamoled
- BOE decision
- Time to buy index for February 2009
- Daily Mash - Another superb scoop
- Halifax data out for February 2009
- Downing street website spoof
- Bank of England mortgage approvals February 2009
- FTSE 100 - no more boom and bust?
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March
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2 comments:
It will have one effect:
BREAKING NEWS:
'City of London Hit by Massive Power Cut'
The City of London has this morning been hit by a massive power cut, blacking out most of the Square Mile's financial institutions and leaving bankers and traders unable to work.
The power cut is believed to have been caused by every single one of the Bank of England's printing presses going into overdrive simultaneously.
Under the BoE's new Quantitive Easing policy, all the new banknotes created will have an extra zero added - the £5 becoming £50, the £10 becoming £100 and so on. A spokesman for the Monetary Policy Committee said that they were introducing the new policy 'based on the successes of Quantitive Easing in Zimbabwe'.
The power cut in the City has so far caused no major problems, given that the banks and the Stock Exchange are all too screwed and skint actually to do anything. The only personnel affected are those currently counting Sir Fred Goodwin's monthly pension payout.
eh....
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