MPC split casts doubt over rate rise - papers 23rd Nov

Minutes of the Monetary Policy Committee’s (MPC) two-day meeting on November 8-9 reveal Lomax’s main worry was the risk weakness in the American economy could trigger weaker demand in Britain. Up until now Lomax had voted with Mervyn King, the Governor, at every MPC meeting since her first meeting more than three years ago. Her surprise vote against the rate rise may, therefore, reflect wider doubts in the committee, says the paper. A CURRENT boom in the market for rented properties will fuel the buy-to-let market for a decade, the Guardian reports the third largest buy-to-let lende...