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meryn King
’GDP shock flop
The recession in the UK continues. In fact it is now the longest on record.
From Reuters:
…
To put those figures into perspective, Reuters says economists were expecting growth of 0.2 per cent over the quarter after a 0.6 per cent fall between April and June.
The Bank of England speaks: This is ‘not Zimbabwe’
Following the Bank of England and ECB’s moves to cut interest rates by a further 50bp, “quantitative easing” has become the theme du jour. Understandably perhaps, the Bank’s decision to “create” £75bn