Bank of England forecasts 'choppy' economic recovery
The governor of the bank of England is warning that the UK economy is facing a 'choppy recovery' with slower than expected growth and higher than expected inflation.
Mervyn King says the rise in VAT to 20%, which is due in January, means that inflation will stay above the Bank's 2% target until the end of next year.
John Moylan reports.
11 Aug 2010
- From the section Business