Democrats Enveil $825B 'Stimulus'
Sharpest output fall on way, warns bank chief
Friday, 16 January 2009
The UK is heading for its sharpest fall in output for decades, the deputy governor of the Bank of England warned today.
Sir John Gieve admitted there was now little that can be done to limit the recession in the first half of the year and said governments globally needed to look at further - and wider - action to stave off a prolonged recession.
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