“None Of It Was True”: 103 Years Later, The FT Admits It Lied And Colluded With The Bank of England

“None Of It Was True”: 103 Years Later, The FT Admits It Lied And Colluded With The Bank of England:

On 23 November 1914, the Financial Times colluded with the Bank of England to cover up a failed bond sale, claiming that the UK government’s War Loan was “oversubscribed”, with applications “pouring in.” The FT described the auction as an “amazing result” that “proves how strong is the financial position of the British nation”. 103 years later we learn that it was all a lie.

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