Originally posted by AtW
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Standards are slipping...
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I would have expected at least the words 'at the earliest' to be in bold
Standards are slipping... -
Why don't you just post the link instead of quoting the whole thing? Most of us can figure out how links work. What if CUK gets full?Leave a comment:
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Why doesn't he just resign and admit he badly f**ked up?
Not just Atw though! Merv ain't exactly great......Leave a comment:
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Only so we could ignore it, yes.Originally posted by AtW View PostYou were looking for one?Leave a comment:
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Bank admits inflation will overshoot for another 'year or so' as it warns of eurozone
The Bank of England moved the goalposts for inflation once more today as it admitted the headline rate would run above target for another 'year or so'.
The Bank is now forecasting that consumer prices index inflation will not come down to the 2 per cent target until mid-2013 at the earliest after the 3.5 per cent rate recorded in March undermined its last prediction that the target would be met by the end of this year.
That the Bank has been forced to backtrack again will further damage the credibility of its commitment to keeping inflation under control.
Inflation was last below target in November 2009 and it has remained stubbornly above the 3 per cent upper limit since January 2010.
Governor Sir Mervyn King also warned that the UK economy faces 'a storm heading our way from the Continent' as the Bank slashed its growth forecasts.
Presenting the Bank's quarterly inflation report, he said economic growth is now expected to be 0.8 per cent this year, compared to a previous estimate of 1.2 per cent, and warned the economy will not return to pre-financial crisis levels before 2014.
Source: Bank of England admits inflation will now overshoot for 'a year or so' | Mail Online
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