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Tuesday May 13, 2008
The Times MPC
Inflation surge to 3% hits rates hope
With inflation buoyed by rising food and fuel costs Mervyn King is expected to take a hard line on the inflation threat
The party comes to an end for UK plc
The good times are over for the chief accountant and the real question for those in charge is who, if anyone, will pick up the bill
Bernanke gives warns of repeat crisis
The Fed chairman has cautioned that even the most rigorous regulation would not prevent a repeat of the liquidity crisis
US economy falters on home and retail sales
American house prices slumped 7.7% and retail sales continued to fall as Wal-Mart gave a cautious outlook for the year
US Fed admits market is 'still far from normal'
The Fed's Ben Bernanke says the central bank is prepared to inject more liquidity into the financial system
Mervyn King: the three-letter Governor
It seems probable that Mervyn King will be sitting down to pen not one but three letters to the Chancellor this year
UK mortgage lending hits worst level for 30 years
Approvals on a quarterly count are lowest since 1975 and on a monthly basis since records began in 2002
Soaring food and fuel dashes rate cut hopes
Inflation jumped from 2.5% to 3% last month, much higher than expected and signalling a halt to rapid interest rate cuts
A&L shares dive on fresh £390m writedown pain
Shares of Britain's seventh largest bank drop 11% despite assurances on profits, loan defaults and mortgage arrears
Jobs for junior lawyers dry up as boom ends
Prospects diminish as UK's biggest law practices cut back amid fear that demand for their services is dropping off
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