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'History suggests that after a financial crisis the hangover lasts for a while' - on the day of the Spending Review, Bank of England governor Mervyn King warns that the UK is in for a sober decade following the financial crisis.

'History suggests that after a financial crisis the hangover lasts for a while' - on the day of the Spending Review, Bank of England governor Mervyn King warns that the UK is in for a sober decade following the financial crisis.