Tag: "Deficit"

The day that HM Treasury showed us the future11th November 2012

Nothing but outrage should have greeted the news on Friday that interest on Bank of England owned gilts will be returned to HM Treasury to reduce the annual Government deficit. What we got instead from most media was a whimper. The news was not unexpected, but it starts our journey on the slippery slope of monetizing debt that will undoubtedly follow. This may in time become known as "The Road to Perdition." As the populace at large go about their day-to-day activities, most will