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 th...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
