Bank of England unveils ‘real’ cash machines
The Bank of England is to boost the UK’s emergence from recession by installing cash machines in every town, at which citizens can each make a one-off withdrawal of GBP300 from the central Quantitative Easing Fund to spend as they please.
“We’re giving the people who need help making big ticket purchases the tools to do the job, so the UK’s retail sector can grow and pull the rest of the economy up with it,’ said the Bank’s governor Mervyn King.
However, he added, before they get their PIN number people will have to sign a guarantee that they will use the free money to buy tat rather than pay off their existing debts. “After all, we had ten years of prudence and look where it got us.’
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Posted: Jan 29th, 2010 by Guest
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