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Old 01-21-2009, 12:07 PM
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Post BoE in bid to prevent prolonged recession

The Bank of England’s Governor, Mervyn King, is bracing Britain for a prolonged recession and a tough year ahead as he warned it is uncertain how long it will take for the economy to begin its recovery. Mr King was addressing the CBI in Nottingham in his first major speech of the year and said a [...]

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