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By politics.co.uk staff Mervyn King will have to write another letter to the chancellor after inflation rose to 3.5% in January. The Bank of England governor must write to Alistair Darling if inflation is more than one percentage point above or below the two per cent target. Today’s official figures show inflation is now rising… Read more »
By politics.co.uk staff Barclays enjoyed a huge surge in full-year profits, rising 92% to £11.6 billion. The British bank did not take any financial assistance from the British government, instead relying on Middle East funding, but it benefited indirectly from the liquidity added to the sector during the crisis. “The level of profitability that’s been… Read more »
