UK government debt auction fails
- Wank Of England
The UK Treasury has failed to sell all its government debts in an auction for the first time since 2002. It wanted to sell £1.75bn of 40-year bonds, but investors only bid for £1.63bn of the debt, the Debt Management Office said. Analysts said this may reflect fear of them not being worth anything. But the Treasury said demand for gilts, as UK government debts are called, remains “strong”.Going on not to say “Were sure the future lives of the slave population in the UK are still worth something”
‘Only One auction- honest’
“It would be wrong to read anything into the results of one auction event, which depends on the gilt on offer, demand and market conditions on the day,” a Treasury spokesman said. Going on not to say “fuck lets hope they buy the next lot or were FKD”
The Bank of England this month began a policy of so-called quantitative easing, which involves printing more debt and using it to buy debt er …are they making this shit up
I think there might be a famine in the UK. It’s coming someday soon, certainly.