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UK economy likely to ‘zig-zag’ predicts Mervyn King
February 15, 2012 12:49 pm 3 Comments
The Governor of the Bank of England today predicted further quarters of negative GDP growth this year following the latest -0.2% slump recorded in the last quarter of last year. Britain’s economy is likely to “zig-zag” between positive and negative growth said the Governor, introducing the Bank’s quarterly economic healthcheck. Sir Mervyn said that the [...]
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Inflation falls but consumers still feel financial pain
April 12, 2011 10:41 am 4 Comments
As inflation falls Channel 4 News' Economics Editor Faisal Islam says it is far too soon to be celebrating.
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Five reasons for Merve’s Swerve: from backdoor devaluation to Committee dissent, to not having a clue
February 16, 2011 6:31 pm 13 Comments
Our Economics Editor asks what was behind Mervyn King's "Betty-both-ways" presentation of interest rate options at the Bank of England's launch of its Inflation Report.
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Britain ‘the sick man of Europe’
February 15, 2011 11:21 am 9 Comments
Economics Editor Faisal Islam analyses the latest inflation figures and says an interest rate rise is likely in four or five months
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Interest rates: where now for Government’s Plan B?
January 18, 2011 11:14 am 11 Comments
Faisal Islam blogs on the expected rise of interest rates, and asks where now for the Government's Plan B?
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Inflation alert leads to early debut of The 'Oz' and Mervyn show
May 18, 2010 12:07 pm 8 Comments
The question is: at what point does temporary become more enduring? If VAT goes up again on 22 June, that will provide another boost to CPI inflation, writes economics editor Faisal Islam.
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The high-wire inflation act
April 20, 2010 1:51 pm No Comments
Inflation has come in significantly higher than expected. No crisis yet, but it’s a window on a complicated world of post-election monetary policy. At 3.4 per cent it was last month well above target, but we are still told that this is a temporary ‘blip’ caused by the remnants of the VAT rise, and fuel [...]
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Osborne's opportunity to explain his economic thinking
February 23, 2010 6:39 pm No Comments
As george Osborne prepares to make a keynote speech tomorrow, Faisal Islam blogs on whether it's time for a re-think on Britain's 13 year long target to keep inflation at two per cent.
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Merv the Oracle and the phantom jobless
August 12, 2009 4:48 pm No Comments
Like a Greek Oracle, Mervyn King has divined some encouraging signs at the quarterly Bank of England assessment of the UK economy. But the bulk of the statistical soothsaying was pretty bleak. The banking system is still in a bad way and it may take some years for it to be “weaned off very large [...]
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Real green shoots need much stronger roots
May 13, 2009 4:42 pm No Comments
It was the inflation forecast that wasn’t. The Bank of England still seemed more concerned with deflationary tendencies in the economy. And Mervyn King appeared ultra-cautious about any sort of forecast. At one point the governor of the Bank of England even implored the assembled economics hacks to help him explain to the country just [...]

