Election - The Deadline for the next election is June 3rd, therefore even if Gordon Brown decides to cling onto power until the very last minute then there will still be no rate rise in the lead up to the next election. The most probable date for the next election remains May 2010 as the economy 'should' be showing clear signs of a strong recovery by then, despite negative impact of tax hikes.
UK inflation: what the economists say
Higher petrol and seasonal food prices have pushed inflation up again. The combination of rising raw material prices and weak sterling is pushing up inflationary pressure here. But it is still likely that weak demand and excess capacity in the economy will push inflation down in the months ahead. Read More....
UK Interest Rate Forecast 2010 and 2011
The British Economy as with other developed economies entered 2009 in recession and on the brink of Depression which triggered a series of panic interest rate cuts all the way to 0.5% by March 2009 and they have stayed there right into the start of 2010. This in-depth analysis is third in a series of analysis that seeks to generate accurate forecasts for UK Inflation, Read More....
UK inflation rate rises to 4.4% in February
The CPI measure has now been one percentage point or more above the 2% target for 15 months. The overall increase in CPI to 4.4% was more than had been forecast by economists. The CPI figure is the highest since October 2008, and will put pressure on the Bank of England to lift interest rates to curb accelerating inflation.
Read More....
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