King urges caution on Budget
Mervyn King, the Bank of England governor, warned the government against launching a second fiscal stimulus in next month’s Budget with a dramatic intervention urging caution
March 24, 2009
Inflation surprises and jumps to 3.2%
The governor of the Bank of England was forced to write a letter to the chancellor as the consumer price index rose for the first time in five months to 3.2%
Deflation risk as prices to fall
The RPI measure of UK inflation is expected to be negative for the first time in 49 years - a sign of falling prices.
Stocks surge on US toxic asset plan
US stocks soared after Treasury Secretary Tim Geithner detailed his proposals for public-private partnerships to deal with toxic assets in the financial system and prominent investors vowed to take part in the programme