Sunday, June 15, 2008
He should read the HPC……where has he been?
Alistair Darling will offer a sombre assessment of an economy buffeted by rocketing commodity prices and the credit crunch when he delivers his first Mansion House speech on Wednesday. Rising food and fuel prices have boosted inflation, just as the Bank of England struggles to contain the impact of falling house prices. Darling will warn that this is by far the toughest test yet for the policy-making framework set up by Gordon Brown in 1997.