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Bank of England looking at plan to ease credit crunch
Bank of England and govt working on plan to ease credit crunch

The Bank of England is working with the government on a plan to ease the credit crisis by allowing banks to swap mortgage-based assets for government bonds. The central bank refused to comment on the speculation, although several newspapers have quoted government sources as saying a deal to help liquidity is not far off. The… Read more »

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Alistair Darling says government needs to sharpen up
Opposition seizes on wavering Darling

Alistair Darling’s concession that the government needs to “sharpen ourselves up” has been seized upon by opposition parties. The chancellor made the comment in an interview on a visit to China, telling the Bloomberg news agency he believes Britain will get through the credit crunch because the economy is “fundamentally strong”. “But we have also… Read more »