Tag Archives: Bank Of England Proposes More Counterfeiting

The Daily Bell – Bank Of England Proposes More Counterfeiting – 15 June 2012

Bank of England

Osborne unveils £140bn scheme to kick-start stagnant economy … George Osborne unveiled a £140 billion emergency scheme to try to avoid a second credit crunch caused by the ongoing chaos in the eurozone. The Bank of England is to offer money to high-street banks to kick-start mortgage and small business lending to prevent loans being rationed for many families and entrepreneurs, the Chancellor announced. It comes after sharp rises in the costs of mortgages and other loans in recent months as banks struggle to raise money in the midst of the single currency crisis. Sir Mervyn King, the Bank of England Governor, said that the “industrialised world have thrown everything bar the kitchen sink” at the global economic meltdown but that even “bolder action” was now required. – UK Telegraph Continue reading