Thursday, February 04, 2010

Will the Bank of England's printing presses be turned off soon ?

Rumours are circulating that the Bank of England will soon stop funding the government debt by printing money. ( We'll if you ask them or a Labour Treasury minister they will say the same thing, but with a hole load more guff ).

Anyone want to buy long term UK debt at low interest rates with the prospect of a hung parliament and no clear action to reduce the deficit being undertaken till yet another general election can be held ?

The risks are real as Greece is showing.

This will be interesting ... if you excuse the pun.

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