<a href="http://blogs.independent.co.uk/openhouse/2008/11/paying-later.html">Sean O'Grady: Paying later</a>

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The Independent Online

There were two messages that came out of Bank of England Governor Mervyn King's press conference and the Bank's Inflation Report, apart from the obvious truth that a sharp but relatively brief recession is on the way, if not already here.

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