Borrowing our own money

So the Government has now bought an even bigger stake in the UK banking system that was part nationalised before Christmas, in order to boost confidence in the markets and stimulate borrowing. Whether it will have the desired effect or not remains to be seen. I can't resist the suspicion that it looks uncannily like the action of a desperate Government not quite knowing what to do but needing to be seen to do something. Who amongst us is in the habit of signing blank cheques? That's what the Treasury appears to be doing though. Will it help to stimulate borrowing? Only a fool would dare to put his neck on the line and say nay or yea. Of one thing we can be sure though - millions of people will now be able, if they so choose, to borrow even more of their own money!

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Thanks for your comment. I was referring to money in the sense though that it's commonly understood - currency.
 

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Adrian69702006
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