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Bank boss predicts economic gloom

Britain warned over possible recession
22.33 Wed Aug 13 2008
The coming year "will be a painful and difficult one" with a greater chance of recession this winter, the Bank of England boss has warned.

Collapsed banks should compensate customers

Bank of England Governor Mervyn King
14.35 Tue Jul 22 2008
The Bank of England's governor Mervyn King said that banks should pay money into a fund aimed at compensating customers.
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