Britain’s leading companies have warned the UK’s £2.5 trillion bank lending market will be drastically reduced if the ICB places a strict “ring-fence” on the UK’s leading institutions. The chief executive of WPP reveals his fears about the global economy in the wake of the markets meltdown. The United States must start tackling its long-term economic problems instead of relying on the Federal Reserve to revive the economy, according to a leading Wall Street economist who predicted the last recession. Herman Van Rompuy, the President of the European Union, has warned investors against overreacting to the European debt crisis and US credit rating downgrade, and ruled out issuing eurobonds.UK ‘faces slump’ if banks hit
Sorrell: West facing 'three years of hard slog’
US 'must act to avert a recession'
Markets are overreacting, says EU president
Sunday, 21 August 2011
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