Friday, 19 February 2010

It's official: the crisis in UK public finances has taken a turn for the worse

"What can go wrong, is going wrong for the British economy.Despite all the money that's been pumped in, including the Bank of England's £200bn in quantitative easing, activity will be "quite hesitant" according to Kate Barker of the Bank's Monetary Policy Committee.The support the economy received last year stopped a recession turning into a depression so was worth it. But the latest news reveals that our crisis in public finances is getting worse, while the real economy should prepare for a return to negative growth. ..."

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