Today the coalition government in Great Britain will tell about the plan of the State expenditure for next four years for that the whole world waits, with bated breath. To some extent Britain carries out that textbooks on economy speak not to do - to cut down expenses at weak economy. The essence consists that there is a certain point after which investors will demand higher award for crediting you money. Greece has already passed this point though there were other moments, such as influence of bank sector on the Greek crisis of loans. It is the extreme point of view. On other end of a spectrum even the USA faces that there is a critical point after which investors will request higher award for a lack of fiscal consolidation in the future.Division in Bank of Great Britain. Rates remained invariable in October, but reports need to be studied. Since June one member (Сентанс) voted for increase of rates. However, after recent speeches, there are reasons to assume that other member (Поузен) can vote for expansion of the program of quantitative softening. The markets were substantially put on it, but any sign, as other committee-men support Pouzena, considerably will increase probability that the further quantitative softening will begin shortly. In an amicable way, it will be negative for pound, but later publication of the review of expenses does sterling more волатильным, than usually. Comments operating Bank of England of King have struck blow to currency of words at last night that the monetary policy remains «the powerful tool», but there were no accurate signals that it is declined aside большего QE in the near future.
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