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    With grim news about the economy seemingly coming in waves, now is surely the time for monetary policymakers at the Bank of England to follow the lead of their American peers and throw caution to the wind.
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    The UK economy will contract the most in almost three decades next year and house prices are now falling at the fastest pace since at least 2002, two industry reports showed. Gross domestic product will drop 1.7 percent in 2009, the most since 1980, the Confederation of British Industry, the UK's biggest business lobby, forecast in a report. The average asking price for a home fell 7.1 percent ...
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