We are in an international currency war claims – and complains – Brazil’s finance minister. But that is good news: the more countries that join this world war, the less effective it will be.
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Does the bank of England have a secret policy to devalue the pound? It’s being highly successful if it has.
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The latest budget from Europe’s only other English-speaking country should be studied by Alistair Darling before he delivers his own April statement. The Irish economic measures are the opposite of what the UK chancellor is planning.
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The UK is suffering from global problems, the government constantly says. Well in that case, how come Britain has a record trade deficit and a falling currency?
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For the generation of businessmen who have never known a recession it may seem academic that this one is so different from others. But it matters for those hoping to use past experience to cope with this downturn.
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Nevermind whether comments from Conservative shadow chancellor George Osborne can move sterling, who is in charge of looking after Britain’s currency? When the Bank of England was made independent, managing the exchange rate fell through the cracks.
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