The Bank of England's Credibility is Hanging by a Thread
Thomas Paterson
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Posted 18.12.2011
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UK Politics
Read More:
British Economy,
Bankruptcy,
UK Politics,
Inflation,
Cpi,
Pound-Sterling,
UK Diary,
Bank of England,
UK Politics News
So, CPI inflation in the UK has reached a record high of 5.2% since CPI data began, matching the previous record of September 2008. This is now the 22nd month in a row that the Bank of England has missed its target - and not just by a little amount.
