Bank of England - Interest rates not to rise...unless...

Well, reassuring news from the Sir Mervyn King the head honcho of the Bank of England. Apparently some quarters, somewhere, want interest rates to be put up. The fact that businesses are continuing close (retailers Jane Norman, Habitat this week alone) and family’s continue to struggle to maintain a reasonable quality of life by working hard or working hard to keep float their businesses and manage to keep the roof over their heads – seems to be going amiss.

Anyway, here’s to some  common sense from Sir Merv and long may it continue.

http://www.dailymail.co.uk/news/article-2009374/No-rate-rises-unemployment-drops-economy-grows-says-Mervyn-King.html

http://www.telegraph.co.uk/finance/economics/8604128/Bank-of-England-split-on-interest-rate-policy-as-consumers-struggle.html