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Analysis

More Than One Way to Skin a Cat: A Review of UK Fiscal Plans

By James Mason and Parul Walia

EXECUTIVE SUMMARY

The UK government has engaged in a forceful reduction in its fiscal deficit (“Plan A”), effectively endorsed by the Governor of the Bank of England (BoE), Mervyn King, who has said that further quantitative easing (QE2) could be used to support the economy if necessary (“Plan B”).



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