Wednesday, April 9, 2008

Brown study

The chancellor Gordon BrownGordon Brown: will be be smiling for much longer? Photograph: Odd Andersen/AFP/Getty

It was just as well that Tony Blair called the election when he did, because the economy - the main reason why Labour won - is looking more sickly by the day.

The Bank of England today decided to keep interest rates unchanged at 4.75% for the ninth month running as evidence piles up of a softer economy.

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