Pound In Grave Danger As Bank of England Drags Its Feet.
Today we will look at how the Bank of England is way behind the curve in terms of reining in inflation and why the pound is in danger of hyper inflating.
There is a debate about whether the Bank of England's MPC will raise rates by 0.25% or 0.50% on Thursday but we think that is academic and will do nothing to help fight inflationary pressures that are reflected by rapidly rising consumer and retail prices.
Mervyn King Interview with Sky News:
Bank of England Flagrantly Fudges Inflation Data.:
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