"The Government may resort to printing extra money if interest rates keep falling.
It is being considered as a desperate measure if base rates fall so far that they cease to work as an economic lever.
Base rates are set to plunge tomorrow to the lowest level since the Bank of England was founded in 1694, with another big cut of at least half a point to 1.5 per cent or even lower.
Chancellor Alistair Darling and Bank of England governor Mervyn King are considering whether to embark on a new policy of expanding the money supply, or quantitative easing, sources today told the Evening Standard.
'We are looking at the issues,' a senior Treasury source told London's Evening Standard. 'No decisions have been taken.' "
Yes, it's "quantitaive easing" or as we know it "printing lots and lots of money", it's the precursor to serious inflation, but Gordon "Prudence" (sic) Brown is rapidly running out of options.
This could end very very nastily for the UK, we might soon be looking with envy upon Japan in the 1990s or Argentina in the 1970s. This could be real economic apocalypse time and it will all be thanks to Gordon Brown. Will he soon be the most hated UK Prime Minister ever?
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