Expect interest rate rises - papers 2 March

Paul Tucker, an executive director of the Bank of England and MPC member, has given one of the clearest signals yet that demand is stoking inflationary pressures, The Daily Telegraph writes. ”In my judgment, there is, on balance, most likely a degree of excess demand in the economy. Continuing demand pressures [are] likely to feed through to inflation,” he says. More evidence is emerging of companies passing on costs to consumers, he has added. The Times reports comments from the Labour Party, suggesting the government is not concerned about a pre-election interest rate rise costin...