Bank of England to hand over gilts interest payments to slash national debt

Big cash balances amassed by the Bank of England as a result of its electronic money-creation programme will be used to pay down the national debt by £35bn over the next 18 months, the Treasury has said. George Osborne wants Threadneedle Street to hand over the interest payments it has rece... FF News: Fundamental

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Who will stop the Sado-Monetarists as jobless youth hits 58pc in Greece?

Greek unemployment rose to 25.4pc in August. Youth unemployment rose to 58pc. Under the official forecast, the economy will contract by a further 4.5pc next year, so it fair to assume that lots more people are going to lose their jobs. It is certainly not going to improve in any meaningful way fo... FF News: Fundamental

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