London, UK, 2 November 2008 – British Prime Minister Gordon Brown is currently visiting the Gulf asking oil-rich states to replenish the International Monetary Fund’s coffers and invest in British businesses as the country enters a recession. He said they had a responsibility to contribute “hundreds of billions” more to the IMF’s emergency bailout package “to lend to those countries at risk of financial collapse” and said he was keen on them investing in British business, following the example of Manchester City Football Club and Barclays Bank, which this week …

Mervyn King, the Governor of the Bank of England, has confirmed the ultimate taboo in free market economies that Britain is in recession.