THE ECONOMY WON’T BE SAVED BY PROFITEERING BANKS

Umbrellas out at the Bank of England (pictured above), which is pumping another £50 billion into the UK economy in a further attempt to lift us out of recession. The Bank will raise the total amount of new money created under Quantatitive Easing (QE) to £175 billion. The move is bigger than economists had expected, but the Bank feels the recession has been “deeper than previously thought”. It also noted that the world economy is still in recession. Now it’s all very well boostingSource: British Blogs RSS Feed