Monday, January 10, 2011
Hot on the heels of the Halifax housing data……….
U.K. Prime Minister David Cameron said recent levels of inflation have been â€œconcerningâ€ as he offered Bank of England Governor Mervyn King his support in the â€œextremely difficult taskâ€ of setting interest rates. â€œThat is what the Bank of England have to get right,â€ Cameron told the BBCâ€™s â€œAndrew Marr Showâ€ yesterday. â€œIâ€™m in no doubt the inflation is extremely harmful, it destroys peopleâ€™s savings. We donâ€™t want to go back to having an inflation problem as we had in the past.â€