"If ye love wealth better than liberty, the tranquility of servitude better than the animating contest of freedom, go home from us in peace. We ask not your counsels or your arms. Crouch down and lick the hands which feed you. May your chains set lightly upon you, and may posterity forget that you were our countrymen."

Friday, 23 October 2009

Heading South

The economy is still shrinking:
Britain has failed to emerge from recession, as new figures revealed the economy shrank by 0.4 per cent between July and September. The shock decline in gross domestic product (GDP) during the third quarter signals the sixth consecutive quarter of contraction in the British economy — making it the longest recession in 54 years ... The Government has forecast that the British economy will begin to grow by the end of the year. The data puts the performance of the UK economy in a comparatively poor light internationally. France, Germany and Japan began to grow in the second quarter while there were signs of growth in the US in the third quarter.

Also: No end in sight to QE
Brown's 10 worst financial gaffes - but only up to June 09

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