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Eye read that GO, once GB's fiercest critic for fiddling the public finances, is doing some book-cooking of his own. It is said that GO has knocked £36bn or so off borrowing by nabbing from the BoE the interest earned on government bonds that the bank bought (with printed money) under the QE programme.
The bods at the Treasury have also been tasked to come up with a new name for PFI, with some hilarious results.
Any takers here?
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