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BoE governor predicts rise in inflation
King warns of “uncomfortable” economic outlook

Britain’s economic outlook is “uncomfortable”, the governor of the Bank of England has said. Giving evidence to MPs, Mervyn King predicted economic growth will slow and inflation is likely to rise in the medium-term. He blamed the global credit crunch, combined with rising energy and food prices, for increasing inflationary pressures. Giving evidence on the… Read more »

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Yvette Cooper and Gordon Brown set out £9 billion plans
Ministers set out vision for Thames Gateway

The government has set out how it plans to deliver the Thames Gateway project by 2016. Housing minister Yvette Cooper and Gordon Brown today published the Thames Gateway Development Plan, outlining how £9 billion will be invested. A number of government departments will contribute to the redevelopment of the Thames Gateway, which stretches for 40… Read more »