Yesterday's letter from Mervyn King to Alistair Darling, formally notifying him that inflation had breeched the 3pc level, has been met with a mixed reaction from fund groups.
RLAM's economist, Ian Kernohan, advised that the economy needed to slow down, suggesting that the MPC is "loathe to precipitate what they would view as an unnecessary recession by raising interest rates...
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till