Will north pay the price for southern comfort?

Article Abstract:

The decision by the Bank of England's Monetary Policy Committee to raise interest rates to 5.5% has received mixed reactions. Some observers feel that the Monetary Policy Committee focuses too much on London, England, and the South-East, with the plight of manufacturing industry and less prosperous regions being ignored. However, others reluctantly accept that an interest rate rise is necessary because there are signs of future inflation pressure.

United Kingdom, Economic aspects, Regional economics

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City lambasts Chancellor

Article Abstract:

The credibility of the UK's monetary policy will be seriously damaged by Chancellor Kenneth Clarke's decision not to increase interest rates, according to almost all financial analysts. It is now likely that the pound will come under considerable pressure, and observers believe that Kenneth Clarke is taking a very great risk. He has responded by saying that there is no sign of undue demand pressure on the economy.

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Rate cut leaves markets expecting rise within a year

Article Abstract:

There have been mixed reactions from financial experts to the recent move by UK chancellor Kenneth Clarke to reduce interest rates. Many feel that the decision was politically motivated and that it was probably not supported by Eddie George, the governor of the Bank of England. Some feel that interest rates will have to rise again within the next year, and regard Clarke's decision as misguided.

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