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Old 02-09-2009, 12:26 PM
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Post Base rate cuts insufficient to revive economy

Base rate cuts alone may not be enough to revive the UK economy, Lloyds TSB has warned.Trevor Williams, an analyst at Lloyds TSB, said the Bank of England must start thinking about alternative stimuli.The ‘economic woes’ that led to last week’s base rate cut ‘will not disappear overnight’, said Williams.With the base rate at a [...]

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