Inflation Increase Forces King to Write Letter to Chancellor
The Herald › February 16, 2010
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Summary
ANNUAL UK consumer prices index inflation surged from 2.9% in December to 3.5% in January - forcing Bank of England Governor Mervyn King to write an explanatory letter to the Chancellor.
King told Alistair Darling that the Bank's latest inflation report "suggests that the underlying pressures are on the downside".See the full content of this document
Extract
Inflation Increase Forces King to Write Letter to Chancellor
And the Bank Governor attributed the pick-up in inflation to the return of the VAT r...
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