The Bank of England dropped a broad hint yesterday interest rates would be raised for a fifth time within a year over the coming months, reports The Guardian.
Its quarterly health check of the economy focused on risks that would push up inflation, making a further rise likely. Mervyn King, the Bank's governor, also issued a warning to Britain's businesses that it was carefully monitoring their pricing policies. He said the bank would not hesitate to increase the cost of borrowing on signs firms were seeking to exploit robust demand. The London Stock Exchange has attacked Britain's "unfair" tax system for giving private equity predators a huge advantage over public companies, according to The Independent. Amid mounting controversy over the a...
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