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Friday
Jul 30th
Home arrow News & Insight arrow Bank of England to use £50bn of taxpayers' money to ease credit crunch
Bank of England to use £50bn of taxpayers' money to ease credit crunch PDF Print E-mail
Written by Guardian   
Friday, 30 January 2009
Mervyn King, the governor of the Bank of England, has been given the green light to spend £50bn of taxpayers' money, buying company debts and other assets, in the clearest signal yet that Britain is moving towards the desperate recession-busting tactics of "quantitative easing". http://www.guardian.co.uk/business/2009/jan/29/bank-of-england-asset-purchase


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