Can the Bank’s £50bn save the economy? at izbrano

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Can the Bank’s £50bn save the economy?

Independent - This is the biggest line of credit the Treasury and Bank of England have ever given to the British banking system. It is more extensive than the help being given to banks by the monetary authorities in the United States and Europe. It is happening because the supply of mortgages is drying up, threatening a collapse in house prices. And it may not be enough.

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