Chancellor Darling says the UK deficit reduction bill must not harm the economy. To cut the deficit further and faster would damage the economy he says. He does not have the latest UK GDP figures to say that the UK is now out of recession. (Come on Al, go out on a limb…)
Also on the wires, China’s US ambassador says it is not the right time for further sanctions against Iran.
Lastly,Meredith Whitney has cut her Goldman Sach’s earning estimate.
