Sunday, May 18, 2008

NICE FOR WHOM?

"Britain faces two years of economic pain and could sink into recession, the Governor of the Bank of England has warned. Mervyn King gave notice of a further squeeze on living standards, forecasting that inflation would climb to 3.7 per cent and remain high for two years. "The nice decade is behind us," he said." (Times, 15 May) RD

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