Britain is suffering from "economic post-traumatic stress disorder," says Mark Carney, the governor of the Bank of England . / AFP / POOL / Matt Dunham
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In the words of Mark Carney, the governor of the Bank of England, Britain is suffering from "economic post-traumatic stress disorder".A former fund manager at one big UK institution says: "I lost my job this year because the group is struggling to compete with passive funds.These guaranteed returns set at, say, 3 per cent a year when bond yields were higher, cannot be met if yields remain low.One hundred company directors in the FTSE 100 and FTSE 250 bought shares worth a total of £14.3m, the biggest bargain hunt for shares since figures were first compiled by Olivetree Financial, the brokers, in May 2006 .As the company's shares fell 30 per cent last Monday, Mr Pidgley snapped up 35,000 at a cost of £795,000 .
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