Party's over

So: The long Jubilee Weekend is gone and the party is over. We are back to work in the cold damp reality that is the new British summer.



The Bank of England may decide to embark on a new round of Quantitative Easing this week. It is supposed to ease the symptoms of recession. This is a process whereby the bank prints more money with the intention that it should be injected into the economy to stimulate growth. In fact they seem to go about this in a complicated manner involving Government Bonds and behind the scenes dealing.

So here is my hint to the Bank of England. 

Don't bother with the Government Bonds thing. Just give us the money directly, we promise we will spend it....


.. on all the usual things: German cars, Italian suits, Japanese cameras, French wine, Chinese union jacks and paperclips from South Korea: In fact anything that isn't British.


Hoorah!

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