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08 Jan 2009 07:00PM - Faisal Islam

Faisal Islam asks if printing more money is the last line of defence for the UK's battered economy.

Rate cuts (Source: Getty)

Base rate: how low can you go? »

Today's 0.5 per cent cut by the Bank of England puts interest rates at their lowest since 1694 - the year Newton discovered gravity.


Things could get worse - Obama »

The US president-elect warns that without a massive stimulus package, the dire economic situation could deteriorate even further. Sarah Smith reports.

Obama (Source: Getty)

Isaac Newton (credit:Getty Images)

Following in Newton's footsteps »

Our economics correspondent Faisal Islam blogs on why today's historic interest rate cut raises more questions than it answers.


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Credit crunch

After the collapse of the US sub-prime mortgage market, the global economy is in the throes of a credit crunch.

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