Alan Greenspan has become an honorary adviser to UK Chancellor Gordon Brown, just hours after stepping down as chairman of the US Federal Reserve after more than 18 years.

Greenspan, 79, stepped down as Federal Reserve chairman yesterday after five terms in office.

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Research group GfK’s measure of consumer confidence climbed to minus 18 in November’s survey from minus 21 in October.

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UK Chancellor Brown snaps up Greenspan

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