Category: Economy

Osborne unveils new plan to regenerate sterling

Posted by – 26/06/2010

[via thepoke.co.uk]

Facing criticism that the proposed VAT rise could damage high street spending, Chancellor George Osborne has announced plans to “sex up” the economy with a newly-designed one pound coin.

In a speech delivered to the House of Commons, he declared that the coin “symbolises the need for a sensual relationship with money, something we lost under the previous Labour government.” He went on to argue that consumers have “shrivelled in fear” during the recession, and that the new coin will promote “a renewed sense of pride.”