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Managing a recession

posted by Avatar aranel 1310 days ago in GBP made popular 1310 days ago

The state became the lender of last resort a couple of weeks ago; now it is gearing up to become the spender of last resort. From pumping money into the banking system to pumping cash into the wider economy, Gordon Brown's government is taking on a bigger and bigger role in its bid to prevent a prolonged recession.
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