It's Unchartered Territory with No Easy Way Out ; 1) Member of the Bank of England's Monetary Policy Committee2) Monday View

Daily MailDecember 22, 2008

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Summary


OF THE three ghosts that confronted Ebenezer Scrooge in Dickens' Christmas Carol, it was the ghost of Christmas yet to come that was the most terrifying.

He responded with timely action to prevent this vision materialising.

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It's Unchartered Territory with No Easy Way Out ; 1) Member of the Bank of England's Monetary Policy Committee2) Monday View

For the global economy, the collapse of Lehman Brothers was the defining event which changed the outlook and has had equally dramatic consequences.

And so policy makers are responding with ...

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