Clarke holds key to pre-poll boom

Article Abstract:

Many City economists are now starting to state that UK interest rates should be cut now in order to prevent economic recovery coming to an end. In contrast, the Bank of England does not believe that the recovery is coming to an end yet. The future of economic recovery will be determined by chancellor Kenneth Clarke's forthcoming Budget, with the financial markets' views on his tax and spending policies influencing analysts' assessment of interest rates. If the Budget contains tax cuts, the apparent economic slowdown may well be reversed.

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Clarke to brazen out inflation shock, says City

Article Abstract:

Chancellor Kenneth Clarke will not increase interest rates in response to figures which indicate that retail price inflation in Jan 1995 was more than 3% for the first time in more than two years, according to City analysts. It is now thought that the next rise in base rates will take place by early summer 1995, even though this delay will make the pound less appealing to international investors.

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Bank says rates must rise

Article Abstract:

Interest rates will have to rise in the fairly near future of the UK government is to meet its inflation target, according to the Bank of England. The Bank believes that inflation will approach the top of the government's 1-4% target range, falling then to 3%, compared with the government's target of 2.5% by mid-1997. Chancellor Kenneth Clarke has so far rejected the Bank's advice.

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