George Osborne, the Shadow Chancellor, said: âThe very fact that the Treasury is speculating about printing money shows that Gordon Brown has led Britain to the brink of bankruptcy.
âPrinting money is the last resort of desperate governments when all other policies have failed. It canât be ruled out as a last resort but risks losing control of inflation and all the economic problems that high inflation brings. And to float the idea carelessly is irresponsible in the extreme as it risks losing the confidence of international markets.â
Tough times ahead, especially with the Pound at parity with the Euro.