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Politics in the Royal Borough of Windsor & Maidenhead

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    David Burbage MBE was Leader of the Royal Borough of Windsor and Maidenhead Council from 2007-2016. This blog : Promoted by Geoff Hill on behalf of David Burbage and all other Windsor and Maidenhead Conservative candidates, all of 2 Castle End Farm, Ruscombe, Berkshire RG10 9XQ
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Appropriate finance?

Posted by davidburbage on October 8, 2008

Colossal taxpayer injection into UK banks said the news this morning – about 10% of the national debt apparently added overnight. Thanks Gordon.

And to really juice up liquidity and the money supply (isn’t that the problem?) we’ve just had an not-enormous rate cut of a piddling half a percent. Don’t we need a bit of growth/recession prevention right now?

My mate Vince thought a rate cut was in order, well, nobody is disagreeing with that. Shame it was so little.

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One Response to “Appropriate finance?”

  1. Neil said

    >> nobody is disagreeing with that

    I am. The pound is sinking. Real inflation is at 1970s levels. Rates needed to go up. This is not the time to encourage borrowing.

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