Wednesday 24 June 2009

The UK is mired in a credit crunch that will take years to fix, not months.

Daily Mail
"Bank of England boss Mervyn King today said he was "more uncertain now than ever" about the UK economy despite tentative signs of a recovery. ....He said: 'I feel more uncertain now than ever, because it's not a pattern of a recession coming into recovery that we've seen since the 1930s.' ....Mr King also told the Commons Committee that the Chancellor needed to set tougher goals to reduce the 'extraordinary' UK public deficit."

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