Bank of England chief Mervyn King: standard of living to plunge at fastest rate since 1920s ~ GIBRALTAR CHRONICLES

Wednesday 26 January 2011

Bank of England chief Mervyn King: standard of living to plunge at fastest rate since 1920s

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Bank of England chief Mervyn King: standard of living to plunge at fastest rate since 1920s
Households face the most dramatic squeeze in living standards since the 1920s, the Governor of the Bank of England warned, as he reacted to the shock disclosure that the economy was shrinking again.

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Wednesday 26 January 2011