Sailor Boys

Bullingdon Boys - Our "Betters"

The Bullingdon Club of 1992: pictured are (1) George Osborne, (2) Harry Mount, (3) Chris Coleridge, (4) Lupus von Maltzahn, (5) Mark Petre (6) Peter Holmes a Court, (7) Nat Rothschild, (8) Jason Gissing

Principal characters

Lord Rothschild and son, David Cameron, John Osborne, Baron Mandelson, Gordon Brown, Russian oligarchs, Mafia and gangsters inc.

Wednesday, 21 January 2009

Bank is given the green light to print more money

The Bank of England was today given a licence to print more money to bail out the failing economy.


In a drastic new twist to the financial crisis, the Bank's monetary policy committee has been told it can increase the money supply if it believes more cash is needed to kick-start the financial sector.

The Chancellor today gave the go-ahead to a £50 billion asset purchase mechanism in which the banks can trade currently illiquid assets for cash so they can re-enter the credit and lending markets.

But the Treasury said even more could be provided by the MPC ordering the printing of more money: "The programme also provides a framework for the MPC to use asset purchases for monetary policy purposes should the MPC conclude that this would be an additional tool for meeting the inflation target."

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