Printing money is the last resort of desperate governments

George Osborne has described reports that the government is considering the option of printing money to stimulate the economy as proof that the Prime Minister “has led Britain to the brink of bankruptcy.”

The Shadow Chancellor of the Exchequer said floating the idea was “irresponsible in the extreme” and could shake the confidence of international markets.

George said, “Printing money is the last resort of desperate governments when all other policies have failed.”

And he added, “The very fact that the Treasury is speculating about printing money shows that Gordon Brown has led Britain to the brink of bankruptcy.”