King gives dour assessment of UK economy

Presenting the Bank of England’s Inflation Report, Governor Mervyn King noted that the UK economy could contract by 4 per cent this year and that inflation could go as low as 0.5 per cent within two years.

What does this mean? Well, apparently we could see rates below 1 per cent and radical monetary policy initiatives could be executed.

As I said, happy news…

So let’s talk about something that really is happy news.

The February issue of Real Business is out today and it features a bumper supplement on the British companies doing great things for their customers.

But wait! You can read all about them on the interweb, too.

Check out the special Real Business/Cisco Customer Kings extravanganza herePicture source

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