London Bankers Plot Bailout Under New Prime Minister: “Monetary Response to Brexit Shock”

Via Silverdoctors.com

  • Britain’s new finance minister Philip Hammond declared Tuesday that it was up to the Bank of England to respond to the economic “shock” arising from Brexit.

    “The initial response to this kind of shock must be a monetary response by the Bank of England,” Chancellor of the Exchequer Hammond told lawmakers at the House of Commons.

  • What will this mean for global markets and the future of the European Union? That remains to be seen, but they are definitely scheming to make sure that the City of London is protected at all costs, and even at the expense of other parts of the economy.

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