http://www.independent.co.uk/news/business/comment/stephen-king/?service=Rss http://www.independent.co.uk/news/business/comment/stephen-king/stephen-king-is-the-treasury-running-out-of-ammo-to-save-the-economy-1809544.html http://www.independent.co.uk/news/business/comment/stephen-king/stephen-king-is-the-treasury-running-out-of-ammo-to-save-the-economy-1809544.html <p>Half-a-dozen quarters on, the UK is still in recession. The 0.4 per cent drop in Gross Domestic Product in the third quarter of this year left economists dumbfounded. Where were the green shoots? Why was recovery yet to materialise? Why had the efforts of policymakers – interest rate cuts, quantitative easing, big budget deficits, a drop in sterling – not paid off?</p> Stephen King Mon, 26 Oct 2009 00:00:01 +0000