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Showing posts from January 29, 2012

UK ECONOMY 2012 - BRITISH CHANCELLOR GEORGE GIDEON OLIVER OSBORNE

UK ECONOMY 2012 To: The Right Honourable British Chancellor George Gideon Oliver Osborne MP. From: Athinarayanan Sanjeevraja Date: January 30, 2012 RE: UK Economy Suggestion:     Identifying and correcting the fundamental factors that is behind low economic growth Minister.   Good Morning Mr. Minister. From my perspective, UK government policies are not broadly right except in the political spectrum sense. I do not get it right why UK government repeatedly do the same things and expect a different outcome. Even When I wrote to BoE Governor Sir Mervyn King on October 17, 2011 saying that most of his monetary policy measures are just postpones the problems when that policy expired sentiment falls unless there is a stable strategy. The first round of QE was vital to improve liquidity in the banking system during global financial crisis. For the reason that interbank lending was dry and LIBOR spreads were widen. We had to take action to inject cash into economy by undertaki