Government grabs BoE cash for short-term boost

LONDON (Reuters) - Britain's cash-strapped government said on Friday it would grab an expected 35 billion pound windfall from the Bank of England's bond-buying programme to reduce short-term borrowing. Related Stories Iran, U.N. nuclear agency to resume talks in December SFO expecting major developments in Libor probe New York rations gasoline; storm victims still in the dark Britain ending ...

News source: Yahoo! News

Related news: Government grabs BoE cash for short-term boost