Kristin Forbes

Spending Squeeze To Worsen, Warns Bank

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Bank of England governor Mark Carney has warned of a consumer spending squeeze this year as inflation rises and real wages fall. This year will be “a more challenging time for British households” and “wages won’t keep up with prices”, he said. He was upbeat about wage growth beyond 2017 – but only if the … Read more

Fuel Price Surge Sends Inflation To Highest Since June 2014

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British consumer prices rose last month at the fastest pace since June 2014 and are set to rise further, propelled by higher global oil prices and the Brexit-fuelled fall in the pound, official data showed on Tuesday. Consumer prices increased by 1.8 percent compared with a year earlier, picking up from 1.6 percent in December, … Read more