Stroke of genius #bankofengland #boe #betterlatethannever


English: Door at the Bank of England

English: Door at the Bank of England (Photo credit: Wikipedia)

BBC News – Bank shares jump on new business support plans.

In a sweeping stroke of genius, The Bank of England has FINALLY decided to make funds available to UK banks ,to lend to industry.

This increases the chances of growth, job creation and recovery for the UK market. If this happens, companies and individuals will pay more in tax and the government will dish out less social security money. This in turn will help the deficit and assist in reducing Government borrowing in the long-term. It may further encourage infrastructure spending and stimulate more job growth, tax revenue and eventually another massive bubble!!! But let’s concentrate on getting there first.

Well done BOE and Sir Mervyn et al.

Common sense at last.

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