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01-26-2011, 10:00 PM
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#1 |
UK economy shrinks and pound plunges
An unexpected contraction in the British economy shocked investors on Tuesday, prompting a sharp drop in the pound and reigniting debate about the government's plans to slash spending and raise taxes to reduce public debt.The figures showing a 0.5 percent GDP drop in the last three months of 2010 reined in expectations that the Bank of England More... |
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