Wednesday, May 11, 2011
La La La (Fingers in ears)
Whole story "The governor of the Bank of England, Mervyn King, has warned that higher utility bills could push inflation to 5% later this year. Publishing the bank's latest Inflation Report, he said there remained strong downward pressures on economic growth and upward pressures on inflation. However, he said that the "big picture" had not changed much since the last report in February. The Bank still expects inflation to fall back in 2012 and 2013."