Douglas Carswell's Blog

Bailouts - it doesn't sound like they are being straight with us

"We have an agreement to fund up to £20 billion, broadly speaking."

- Mark Hoban MP,  explaining the size of UK liabilities to IMF, House of Commons, July 5th 2011.

"We have the capacity to go up to that £40bn ceiling without a vote in Parliament."

- Danny Alexander MP explains the size of UK liabilities to the IMF, Andrew Marr show, today.

Perhaps ministers thought they were being terribly clever when they used a little word play to mask that additional £20 Billion we're on the hook for, eh?  Trust is a currency you can't print at will.   

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