Government say 'That's it, no more stimulus , the £50 billion is it.'

StevieJ

amcluesent wrote: »

>Government say 'That's it, no more stimulus , the £50 billion is it.'<

The WORST sort of economic bungling is to signal to the market exactly what central banks/government will do. Remember when Clown blabbed to everyone he was selling off England's gold, the price duly fell to $300 and he sold us out for a pittance.:mad:

Well they certainly bowled the market a googly today

Heyman_2

mewbie wrote: »

Yeah - it's only 25 big ones. I mean when they were dreaming up this scam after puffing on some serious skunk you could hardly expect them to get it down to the exact billion could you? And as it's helped GB save the world, and the banking system, and the UK, and Europe, and the housing market, and the car market, and.. well everything obviously - then another 25 b's is going to make it even better.

I'll tell you what. If they get the economy any better, plus say spew out another 100 billion or so, I may well vote Labour again.

ps. It's no wonder we can't afford to pay our whinging soldiers proper compensation. I mean something has to give - and a choice between Fred Goodwin types and honest Tommies is no choice at all really. Is it?

It's a testament to the scale of what's happened that I can flippantly say 'just another £25bn to make sure' in such a throwaway manner. Millions....billions....it's all just a lot of money at the end of the day isn't it?

Your PS about social injustice doesn't quite get to the nub of it for me. How about this - the average young UK solider in Afghanistan gets a salary of £25,000 for serving the country (including living allowance and pension) - as against Fred Goodwin who gets a pension of around £700,000 for shafting the country? :rolleyes:

1984ReturnsForReal_2

You know its the BoEs' decision & nothing to do with the Government.

Heyman_2

1984ReturnsForReal wrote: »

You know its the BoEs' decision & nothing to do with the Government.

Well of course. The BofE are 'independent' - that's why they coordinated their drops with the EU Central Bank :rolleyes:

Degenerate

ad9898 wrote: »

Bang on with the last statement, all this 'stimulus' would be ok if it were coming from the government piggy bank, it's not though, it's borrowed and we have to pay it back..... with interest.

No it isn't. You obviously don't have a clue how QE works.

ad9898_3

Degenerate wrote: »

No it isn't. You obviously don't have a clue how QE works.

This was a follow up answer to the point I'd made about the car industry, may I suggest you have no idea how to read.:D

ManAtHome

1984ReturnsForReal wrote: »

You know its the BoEs' decision & nothing to do with the Government.;)

Have to disagree there - I was waiting behind Merv and some scottish bloke at the ATM when they were trying to work out how many 0s they needed after the 5. The scottish bloke borrowed Merv's mobile to phone Pete and had to ask Merv what the number was for "that place with the big clock thing".

Thrugelmir

ManAtHome wrote: »

Have to disagree there - I was waiting behind Merv and some scottish bloke at the ATM when they were trying to work out how many 0s they needed after the 5. The scottish bloke borrowed Merv's mobile to phone Pete and had to ask Merv what the number was for "that place with the big clock thing".

I though that they were trying to ring through get the odds for "Clear Our Debts" which was running in Dubai at 3:15.

StevieJ

1984ReturnsForReal wrote: »

You know its the BoEs' decision & nothing to do with the Government.

Wrong, the chancellor had to OK an increase in the previously agreed QE level.

1984ReturnsForReal_2

StevieJ wrote: »

Wrong, the chancellor had to OK an increase in the previously agreed QE level.

What?


You mean them meetings that they are trying to exempt from freedom of information??