According to JP Morgan, the problem is not the absolute price level but the speed of the rise.

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Mr Morgan underlined the problem of the poor attendance figures for WPL games and also agreed that more investment was needed to improve football ground facilities.

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The problem was, Morgan Stanley, Goldman Sachs, etc.

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Lord Morgan suggested he wouldn't have had a problem with coalition but he wouldn't have approved of some of the government's welfare policies.

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Instead, Morgan Stanley suggested that it only had an actuarial problem.

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