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By politics.co.uk staff Downing Street has been forced to clarify statements made by Bank of England governor Mervyn King. Mr King warned against further fiscal stimulus for the economy during an appearance before the Treasury committee today. “We are facing very large fiscal deficit, there is no doubt,” he said. He explained large scale tax… Read more »
By politics.co.uk staff Mervyn King today admitted banks may have to start charging customers for holding deposits as interest rates drop. Speaking the House of Commons Treasury committee, the governor of the Bank of England explained low interest rates may lead high street banks to seek new ways to maintain profits. “Banks will want to… Read more »
