Monday, 17 November 2014

Cameron: World Facing Second Economic Crash

THE SUNDAY TELEGRAPH: The Prime Minister has warned that a second global crash could be looming

David Cameron has said that “red warning lights are flashing on the dashboard of the global economy” and a second global crash could be looming.

In a bleak assessment as the G20 summit draws to a close, the Prime Minister said there were early signs similar to those seen before the global recession six years ago.

There is a “dangerous backdrop of instability and uncertainty” with diplomatic, humanitarian and economic problems across the world, he warned, which potentially endanger Britain’s recovery.

Mark Carney, the Governor of the Bank of England, said hedge funds, private equity firms and other parts of the unregulated “shadow banking” world will face increased scrutiny over the possible risks that they pose to financial stability. » | Telegraph Reporter | Sunday, November 16, 2014

THE GUARDIAN: David Cameron: Red lights are flashing on the global economy: The G20 meeting in Brisbane made it clearer than ever to me that we in Britain must stick to our long-term economic plan » | David Cameron | Monday, November 17, 2014