Britain will suffer worst slump in Europe, warns Commission in damning report

Daily Mail
"Britain will suffer the steepest economic slump of any major European economy this year, the European Commission has warned."
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RBS on the brink as shares plummet by 69% and City is warned: 'You're about to become
Iceland-on-Thames'
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Shares in Royal Bank of Scotland collapsed almost 70pc after the bank warned its 2008 losses may reach £28bn, raising fears it may eventually face full nationalisation.
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Bank bailout Part II: What it means for savers and investors
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Second bank rescue: the key features
"QUANTITATIVE EASING
* The BoE's asset purchase facility also gives a framework for the Monetary Policy Committee to use asset purchases for monetary policy purposes should it see fit."
Comment- this is already taking place.