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Mervyn knows we're miserable now

Nov 14 2012  Inflation will be higher for longer and growth lower for longer, says the Bank of England, as Sir Mervyn King admits all he can do is spread the pain of an inevitable economic adjustment. James Mackintosh, investment editor, analyses the gloom and thinks markets should be more spooked.  (4m 4sec)
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Produced by Darryl Thomson. Filmed by Rod Fitzgerald and James MacDonald.
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