The rest of the world goes West when America prints more money
Last Wednesday was a hinge point in history. The United States decided to drop all pretence of being interested in leading – or even being part of – a coordinated global policy response to the most serious economic crisis in more than 70 years.
L i a m H a l l i g a n
And now the good news for UK plc
Regular readers should be in no doubt about my views on the weakness of our immediate growth prospects, yet there is a danger of getting our current economic predicament out of perspective. There are good reasons to be confident about the British economy's medium-term future.
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