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UK interest rates cut by 1pcThe Bank of England has cut its key lending rate by a full percentage point in an effort to shore up Britain's flagging economy. ... |
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[Blogs] Credit Crunch - A (white) Man's WorldThink of the main British players (decision makers, analysts, media commentators etc.) on how to deal with the effects of the credit crunch: Gordon Brown, Alistair Darling, Mervyn King, David Blanchflower, Vince Cable, George Osborne, Ken Clarke, Robert Peston, Evan Davis, Martin Woolf, Will Hutt... |
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UK to crackdown on abusive banksWhat's that? Politicians actually using the power that they already own? Surely they must be joking. We simply don't do these things in America, where we're afraid we might upset the banking executives who are still debating whether or not they can slip in bonus payments despite record failure... |
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Not Quite 'Thank you Darling' YetConsumers in Britain have received an early Christmas present this Monday in the form of a 13-month cut in the Value Added Tax (VAT) on products. The much-debated VAT cut from 17.5% to 15% came into effect on the 1st of December and will last until the 31st of December 2009. Father Christmas, a... |
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The four horsemen for hireWar, hunger, poverty and sickness will stalk humanity if the world fails to tackle climate change, the 12-day UN conference on global warming at Poznan was told yesterday. Simultaneously – in what cannot be a coincidence – we have the government's "global warming advisor" w... |
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Shoppers paying less at checkout as VAT is cutMany shoppers found yesterday that the price at the till was less than the one on the label, as the cut in VAT came into effect.Alistair Darling announced last week that standard value added tax would be cut from 17.5% to 15% for 13 months, to raise consumer confidence. The reduction would cost t... |
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