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Despite today's surge in inflation to 4.4%, George Buckley at Deutsche Bank said that the Bank of England is unlikely to raise interest rates to tackle the rising cost of living, having left them unchanged last week
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Decomposed body of Briton who vanished after moving to Spain discovered buried under
Police have found the decomposing body of a British woman buried under rocks at a remote picnic spot near Spain's Costa Blanca.
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Soaring cost of food sends inflation rocketing to 4.4% - the steepest rise in 11 year
The soaring cost of bacon and sausages was today partly blamed for inflation breaking through the 4 per cent barrier.
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Bank to signal rising inflation
The Bank of England is expected to predict that inflation could hit 5%, reducing the chance of an early cut in interest rates.
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Talks off for Commonwealth Bank
The Commonwealth Bank of Australia pulls out of talks to buy ABN Amro's Australian and New Zealand operations.
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Bank of England says inflation to fall sharply as economy slows
Prediction in quarterly inflation report means interest rates could be cut sooner than expected
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Britain on brink of recession as Bank of England predicts growth will slow to virtual
The Bank of England warned Britain could sink into a recession today as it slashed its growth forecast for the coming months to practically zero. It predicted inflation would hit five per cent by the end of 2008.
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Britain on brink of recession as Bank of England predicts growth will slow to virtual
The Bank of England warned Britain could sink into a recession today as it slashed its growth forecast for the coming months to practically zero. It predicted inflation would hit five per cent by the end of 2008.
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