Friday, June 13, 2014

No-one at the Treasury or the Bank of England is bothered about ordinary people

Reuters reports that Sterling is soaring following Bank of England Governor Mark Carney's announcement that interest rates are going to rise:  http://uk.reuters.com/article/2014/06/13/uk-britain-boe-carney-idUKKBN0EO0WU20140613

Er... doesn't a rise in the value of the pound make exports more expensive, thus damaging manufacturing industry?

Oh I forgot, no-one at the Treasury or the Bank of England is bothered about ordinary people.

It's all about giving the financiers in the City monetary fluctuations they can play with and skim commissions off.

In the good old days seditious behaviour like this would result in Mr Carney being bundled through Traitor's Gate and up onto Tower Hill to have his head chopped off.

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