Even the Bank of England is unsure if policy will work

Taylor, Ian
September 2009
Travel Weekly (UK);9/4/2009, p15
Trade Publication
The article reports that amid the news of economic recovery in several countries, the economy in Great Britain continued to contract in the second quarter of the year 2009. Although the rate of contraction was slower than the earlier predictions. Industry reports show that 47% of firms saw an increase in the cost of finance during July-August. The Bank of England has pumped 175 billion pounds into the economy to ease the pressure of slowdown, but it's difficult to analyze its role in recovery.


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