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MPC must make bold cut in the cost of borrowing

At times like this, it is best to be frank. Nobody really knows where either the financial sector or the global/UK economy are headed. Rather than attempting some glib forecast, let me try to pick the bones out of the interwoven elements of the overall sorry story.

At times like this, it is best to be frank. Nobody really knows where either the financial sector or the global/UK economy are headed. Rather than attempting some glib forecast, let me try to pick the bones out of the interwoven elements of the overall sorry story.