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Whenever the franc looked in danger of breaching the cap, the bank could simply sell the newly-created currency to drive it back down again.
However, the DWP has denied that it is in danger of breaching the cap on welfare spending, calling the suggestion "outrageous".
Hull and St Helens, the other two teams who were docked two points for breaching the cap last season and also had their appeals rejected, continue to proclaim their innocence but are likely to let the matter lie.
They were initially docked four points midway through the 2001 season for breaching the cap the previous year, although the punishment was halved on appeal - and Trinity just avoided relegation on points difference.
Last night's revelations also raise the question of how Wigan have avoided breaching the cap this season, with all the players who agreed to defer their payments now on better or longer deals.
The result, according to a report from the Institute and Faculty of Actuaries, is that people may spend £140,000 before actually breaching the cap and that only 8% of men and 15% of women will ever benefit.As with many other pension-related policies, the government has been caught between two priorities; pleasing elderly voters and controlling the costs of an ageing population.
Similar(53)
The ruse, they argued, would allow Congress to spend more money with-out breaching the caps on government spending.
The ruse, they argued, would allow Congress to spend more money without breaching the caps on government spending.
Faults can, however, allow the escape of petroleum from a former trap if they breach the cap rock seal.
The government will then be forced to take action to cut welfare costs or publicly breach the cap".
If the government breaches the cap this will also trigger a debate and vote in the House of Commons.
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