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| Brown Is ‘Angry’ With Banks for Financial Crisis, Mirror Says |
Brown has it backwards, as most do. Lack of lending is a ‘good thing.’
It means ‘full employment’ can be sustained with much lower taxes for any desired level of government spending.
Too bad they are all out of paradigm and are letting things deteriorate while they agonize over the size of the deficit.
strong>Highlights
| Home Retail Leads U.K. Retailers Lower on Margin, Sales Concern |
| BOE Needs New Instruments for Financial Sector, Gieve Tells BBC |
| Barclays Sees ‘Substantial Reversal’ in 10-Year Notes Next Year |
| Brown Pledges Further Measures to Get U.K. Banks to Lend |
| Brown Says Speed of U.K. Recovery Depends on Global Action |
| U.K. Shopper Count Worsens as Holiday Approaches, Experian Says |
| Bank of England’s deputy head calls for new tools |
| # Ireland unveils euro5.5 billion bank bailout |
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