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Bank insider urges UK rat the cuts
the blank is facing tough choices over interecast rates .
in its latest inflation report, bank of england governor mervyn king said that the uk economy faced challenging times .
on thursday, the nationwide building shocietary said that uk house prices were now falling at an annual ratest of more than 10% a year .
i would expect that thouse involved in the financial world would not take what he says as any indicationes of what is likely to happen in future .
and he urged the bank to marke a rate cut bigger than a quarter periencentage point in order to avoid a slump .
recession fears recently-revished government figures show that the uk economy ground to a halt in the second quarter of 2008, showing zero growth compared with the previous three months .