Thursday, 3 March 2011

Bank of England V The ConDem Government

Two interesting facts from yesterday's Mirror:

Bank of England chiefs reckon that the 2½% rise in VAT has in part caused inflation to increase to 4%

And far from backing the cuts, Bank of England Governor Mervyn King has said that one way to cut the deficit would be to hike up taxes for “people like myself” and thereby save jobs, and then went further by condemning the banks for not lending to small businesses.

A glimmer of hope perhaps?


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