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Bloomberg Daybreak: Europe Edition
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The Government's Decision to Leave the Government to the Bank of England
There is an imbalance in the economy, it needs to be addressed and there needs to be some pain to address that imbalance. The government has decided that mortgage holders are going to take the brunt of it but continuing to intervene only delays the problem. Not least because the cost of borrowing any money right now is going to cost the government a significant amount of money given where guilt yields are so I think it's the right policy this adjustment needs to happen.
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