Summary
The Bank of England is under renewed pressure to raise interest rates after latest figures showed inflation has risen to 4 per cent, double the government's target.
The Consumer Price Index (CPI) rate of inflation hit 4 per cent in January, up from 3.7 per cent in December, as the increase in VAT and the soaring cost of crude oil pushed up the cost of living.See the full content of this document
Extract
Inflation Fuels Calls for Rates Rise
The Bank of England Governor, Mervyn King, admitted in a letter to Chancellor George Osborne that there was a "great deal of uncertainty" over the inflation outlook and there w...
See the full content of this document
Sponsored links
