Dear Curious George Osborne please can we have some Carrot as well as Stick?

Stop the excuses. Sir Mervyn King argued in his BBC Today lecture last week that "there seemed no reason to expect the worst recession since the 1930s" and nobody saw it coming because "no one believed it would happen". David Blanchflower: Sir Mervyn King missed the big one despite plenty of wake-up calls »


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