Wednesday, 19 January 2011

Hannan: Is the Bank of England pursuing inflation as a deliberate policy?

Daniel Hannan writes
For months, this blog has been calling for a rise in interest rates. The Consumer Price Index is now rising by 3.7 per cent, the Retail Price Index by 4.8 per cent, and the Tax and Price Index – the most comprehensive measure – by 5.2 per cent. Allister Heath makes the anti-inflationary case superbly in today’s City AM. As he says, “praying that all will be well is not an economic strategy”. Well worth reading in full.

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