Economy in Good Health

Summary


A remarkably up-beat summary of the outlook for Britain's economy for the next two years came from the Bank of England's chief economist last night, after minutes of the Bank's interest-setting committee's meeting earlier this month showed that only two of its members voted to raise interest rates.

Charlie Bean, a member of the seven-strong majority on that occasion, told a Yorkshire audience there are good reasons to expect Britain's recent healthy economic performance to be maintained.

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Extract


Economy in Good Health

"Consumer spending seems likely to continue to grow at a moderate pace," he said.

"Certainly the three-quarters of a percentage point increase i...

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