In a display of workers solidarity the Governor of the Bank of England told the TUC Conference that they were right to be angry with the Banks over the Financial crisis. However he also said that the working people of the country would still have...
Bank of England decided to let general public engage in quantitative easing. The decision was made after one of the money printing machines stopped working and all suppliers of spare parts refused to accept sterling as a payment. BoE was not able to...
It has been today announced that the nation faces a huge deficit in the country's current account. Apparently, spending has exceeded income by £42 billion and we are overdrawn! The Bank of England has written to Prime Minister Gordon Brown to s...
The Bank of England today revealed it would cease setting interest rates - with the cost of borrowing set at random. Mervyn King, Bank of England top dog, told reporters outside his West London mansion: "In the current economic environment, if int...
Gordon Brown accepted today that his various attempts to kick-start the economy were probably doomed to failure. He said he was convinced the individual ideas were fine, but kick-starting was a really bad name for it. "Kick-starting nearly always...
The Bank of England has cut interest rates once again to help to encourage the economy to recover. The cut of 0.00% is seen as a way of cutting the base rate without it going down to zero and punishing lenders. All previous cuts to the interest r...
Bank of England Governor Mervyn King has announced plans to help kick-start the UK economy by buying toxic losing bets on last Saturday's Grand National. The race was won by shock 100/1 outsider Mon Mome, leaving millions of punters out of pocket.
Details are emerging of how the Conficker.c worm could act on April 1st. It has been known for some time that the worm, which is believed to have infected up to 10 million computers, has a major change of operating mode due to take place on April 1s...
London - (Fiscal Ass Mess): Bank of England governor Mervyn King warned today that even if the printing presses keep churning out tens of billions in brand new fifty quid notes 24/7 for the next 10 years the country is so screwed over that the word b...
The Bank of England has announced that it is going to print 700 billion Euros in order to devalue the once worthless currency which will soon be worth more than the pound. The currency will be shipped over to the continent and dumped on Dunkirk b...
Alistair Darling will personally receive £1.69 million from the Bank of England's quantitative easing slush money pot. After it was announced the Bank of England would create £75 billion worth of funds from thin air and the Treasury cleared a tota...
The Bank of England has signed a £3 million TV deal for exclusive rights for its monetary policy committee (MPC) interest rate decisions. A revamp of the monthly rate decision will see announcements switched from the first Thursday of the month to...
In an effort to speed up progress through the looming recession, the Bank of England are set to cut 2% off the base interest rate. Since lending began, the largest ever drop was 1.1% back in 3187 (on the Hebrew Calendar), and this cut dwarfs that.
The bank of England today announced it would be holding a car boot sale to raise much needed funds. Punters would be able to purchase items ranging from pens on chains to an ATM machine. Bank chairman Sir Alfred P. Moneybags said "We believe we...
Bank of England officials today were said to be sure that Britain was unlikely to go into recession any time soon not while there are words like stagflation about.
Figures released today by the Office for National Statistics (ONS) suggest that much-feared inflation is set to spiral out of control, leaving many people "without a penny to scratch their arses with."
Governor of the Bank of England, Mervyn King, today denied that its recent initiative to free up the financial markets amounted to a bail out of the very institutions responsible for creating the problems.
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