Why a crisis is also an opportunity (FT.com via Yahoo! News)
Story date: 2008-02-07 11:10:25
Added on: 2008-02-07 12:00:09
So how bad might the next year or two be for the UK economy? Quite bad is my answer. What should policymakers do in response? Let corrections work their way through. The UK must move towards higher savings, a smaller external deficit and a more efficient public sector. These shifts are painful, but essential. They should not be thwarted.
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