Financial Up Date
Interest rates 'may hit 8pc' in two years
Fears for households as think tank Policy Exchange
say rates will have to rise to choke off galloping inflation
just as recovery beds in.
Julie Meyer
IEA says national debt is £4.8 trillion
The Institute of Economic Affairs said the national debt,
including state and public sector pension liabilities, i
s £78,000 for every person in the UK.
The EC has approved the next €9bn tranche of loans for Greece but the underlying economy continues to deteriorate.
Posts
Liam Halligan
Inflation comes through the door and wisdom flies out of the window
There's no mystery about our inflationary problems - but to solve them we need to face up to
some harsh realities.
Cameron swallows the bitter pill as the East casts shadow over Europe
Obama signs a bill that lets banks have US over a barrel once more