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Brown's trouble: economic analysis

Updated on 15 April 2008

By Faisal Islam

From the 10p tax rate to the Iraq war Brown says he's standing firm and is willing to take unpopular decisions on the economy.

This comes as the UK experiences financial malaise.

Earlier, the prime minister met leading bankers at Number 10 for talks on ways of responding to the global credit crunch, as new figures showed yet another fall in house prices across the country and retail prices down in almost every sector.

But Mr Brown told Channel 4 News he was confident the banks would change their position on passing on interest rate cuts to customers.

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