Darling delays pre-Budget report as King sanctions £25bn of extra ‘easing’

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The Independent Online

Alistair Darling is believed to have pencilled in 2 December, rather than the expected November date, for his final pre-Budget report ahead of the election.

The slow speed of UK recovery was highlighted last week, with US GDP figures showing it had moved out of recession. This week, Mervyn King, the Bank of England Governor, is expected to sanction an extra £25bn of quantitative easing measures.