Mandelson Chooses to Look On the Bright Side

The JournalAugust 15, 2009

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Summary


THE British economy is "emerging into better times", Business Secretary Lord Mandelson insisted yesterday. Lord Mandelson gave his upbeat assessment despite warnings from Bank of England governor Mervyn King this week that the UK's recovery would be "slow and protracted".

Critics of the Government's handling of the economic crisis have seized on figures showing that France and Germany have already returned to growth while the UK lags behind, but Lord Mandelson claimed their recovery would be good for Britain.

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Extract


Mandelson Chooses to Look On the Bright Side

He said: "Because we have a much bigger banking and financial services sector, we were more expos...

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