The latest culture as recommended by our staff

Michael Henderson

Michael Henderson suggests


MPC member slams inaction  

Tuesday, 22nd July 2008

Common sense has finally prevailed as MPC member David Blanchflower hit the headlines in calling for much needed interest rate cuts. He told the Guardian:

“I think we are going into recession and we are probably in one right now. We will probably have three or four quarters of negative growth but the risks are to the downside. It is not too late to stop it but we have to act right now. Monetary policy has been far too tight for too long…We can't just sit and do nothing as we have done for too long.”

   Previous Back to Trading Floor   Next 

Blogs: Americano | Coffee House | Clive Davis | Melanie Phillips | Stephen Pollard

Actions: Print this article   |   Email to a friend   |   Permalink   |   Comments (1)

Post this entry to:   del.icio.us | Digg | Newsvine | NowPublic | Reddit

Comments

Post a comment


Your comment:*

Your name:*

Your email address:*
(We won't publish this)

*Required information

Please click the button only once - your comment will not be published immediately

Bruce Robertson

July 22nd, 2008 12:15pm

Common sense? Low interest rates helped cause this problem and they won't get us out of it.

Or do you have a property portfolio you haven't told us about? Too late, anyway.

The Spectator Parliamentarian Awards
Weekly update

A new job for the IMF: as global policeman

Elliot Wilson 26/11/2008

Carbon footprints

Elisabeth Jeffries 26/11/2008

General Motors must be allowed to crash

Matthew Lynn 26/11/2008

‘These clouds will have a silver lining’

Judi Bevan 19/11/2008
Spectator recommends

The Captains Choice Tour

Luxury all inclusive travel to remote and exotic destinations.

Book Farm and Cottage Holidays Direct

Save money on your farm and cottage holiday by booking direct with the owner. We have a range of places...


Spectator classifieds

ROME CENTRE

PORTA METRONIA, ROME Standing high on the top of one of the seven hills of Rome- the Coelian- this unique

City Breaks. ROME and PARIS

ROME and PARIS: over 350 holiday rentals apartments listed: visit  www.romanreference.com  and  www.parisreference.com or call +39 0648 903612.

Jewellery. RUFFS (Estd. 1904).

Goldsmiths by Design Welcome to Ruffs!  You have found a company of Goldsmiths that specialises in the manufacture, amongst other