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Old 19-02-2013, 17:45   #14
Osem
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Re: Sterling At Risk Of “Large-Scale Devaluation”

Quote:
Originally Posted by Chris View Post
The Government has been telling banks to lend to business. It has also been telling banks to vastly increase their capital reserves. The Bank of England has printed a tonne of cash but for our financial institutions to fulfil both of these Government demands adequately it would have to print a whole lot more.
Bugger, there goes Miliband's pre-election prosperity for all promise.
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