Martin Weale voiced fears over "persistent" inflation yesterday in a hawkish speech underlining the growing splits at the Bank of England over the path of monetary policy.
Weale, a member of the monetary policy committee, voted for interest rate hikes at the Bank's meeting last year before Europe's debt crisis exploded last summer. MORE... HSBC Holdings is nearing a deal...
Leaves govt-backed outfit after a decade
Decision follows leadership structure review
Transfer service will capitalise on increase in demand
Lower average earnings
Will target consumers new to advice