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The government is in a desperate race to try and refloat the UK economy before we see a major collapse in the UK employment market. A recent flurry of announcements from various recruitment...
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Thursday 9th October 2008
While shares on the UK stock market rallied by over 3 percent it seems that many traders are demanding more of the same on the subject of interest rate cuts. Indeed it has been shown in a recent survey that many traders fully expect the UK authorities to cut rates further over the next few weeks and months to try and drip feed confidence back into the markets. But will it work?
The next few weeks are vital not only for the UK economy but for the political future of Gordon Brown and his party. If they can leave the credit crunch behind in due course and come out of the situation ‘smelling of roses’ there is every chance they could actually put themselves in a position to have a decent chance of fighting and winning the next general election.
So traders and the UK public can expect more headline grabbing moves from the UK government, more massive figures thrust into the press and more scorn poured onto their political enemies – the would be ‘novices’. It seems that finally Gordon Brown has the bit between his teeth and seems back on track again but will it all be too little too late? |
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