Away from the euro debt crisis deal which took centre stage in the nationals, MPC member Adam Posen issues a stark warning about slowing growth while a member of the incoming Financial Policy Committee says he will challenge any ‘group mentality' at the Bank of England.
Independent Living standards will drop, the UK economy is "cratering" and growth will fall to only 0.5% next year, well below the Government's official projections, warned Adam Posen, a member of the Bank of England's interest-rate setting Monetary Policy Committee. MORE... The head of the European bailout fund will travel to China on Friday, as officials study plans to enlist the support of foreign investors in resolving the currency bloc's debt crisis. MORE...
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