Tuesday, June 10, 2008
Mr King warned that families are facing the
Stagflation looms for UK economy
With inflation fears currently preventing the Bank of England from cutting interest rates, some analysts believe Britain is about to be hit by stagflation - when recession combines with inflation to strangle the economy. with video
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Malct says:
title should read:- Mr King warned that families are facing the “longest period of financial turmoil that most of us can remember”.
and the link is near the foot of the page – same story two views.
http://www.channel4.com/news/articles/business_money/bank+warns+of+stagflation/2279917