bleak years ahead for britain
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle

Due to low economic growth

Bleak years ahead for Britain

Themuslimchronicle, themuslimchronicle

Themuslimchronicle, themuslimchronicleBleak years ahead for Britain

Britain faces a "bleak time" over the next two years  
LONDON - AFP

Britain faces a \"bleak time\" over the next two years   Britain faces a \"bleak time\" over the next two years due to low economic growth, the Bank of England\'s chief economist said Saturday. Spencer Dale indicated that interest rates would rise this year. They were held at a record low of 0.50 percent this month, as anaemic British growth offset surging inflation. Britain\'s central bank has held the rate for more than two years.
\"I think the next year or two will be a relatively bleak time. I think we have relatively hard times ahead,\" Dale told the BBC.
\"I am not confident about the strength of the recovery, particularly in terms of the weakness we see in the household sector and the implications that may have for consumption.
\"I am even more worried about inflation and the risk that we may see price pressures from the rest of the world continue to push up and the high levels of inflation we have seen in the UK persist for longer than we otherwise expect.\"
Bank of England policymakers voted 6-3 this month to keep its key interest rate at 0.50 percent. Dale voted for a 0.25 percent rise.
Despite high inflation, the central bank has refrained from hiking its key lending rate due to Britain\'s weak recovery from recession.
Inflation over 12 months has meanwhile held above the Bank of England\'s official target rate of 2.0 percent since December 2009.
British annual inflation soared to 4.5 percent in April, hitting a two-and-a-half-year high and stoking the prospect of a rate hike.
\"The level of interest rates at the moment is at an extraordinary low level,\" Dale said.
\"At some point, I do expect interest rates to rise, but how quickly and how much, I really can\'t say.\"
He added: \"I am worried about growth remaining feeble and I am also worried about inflation remaining high -- and if you like, that\'s the dilemma facing the MPC (monetary policy committee) at the moment -- trying to balance these two very significant risks.\"

themuslimchronicle
themuslimchronicle

GMT 08:26 2018 Tuesday ,23 January

Five things to know about Davos

GMT 08:03 2018 Monday ,22 January

Saudi Arabia calls for oil producers

GMT 06:39 2018 Sunday ,21 January

Duterte bans Philippine nationals

GMT 11:50 2018 Saturday ,20 January

UK retail sales slide in December

GMT 06:22 2018 Friday ,19 January

To develop oil fields retaken from Kurds

GMT 12:41 2018 Thursday ,18 January

Sudan holds communist leader

GMT 07:37 2018 Wednesday ,17 January

Sudan police beat protesters at demo

GMT 07:31 2018 Tuesday ,16 January

UK construction firm Carillion collapses
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

bleak years ahead for britain bleak years ahead for britain

 



Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle

GMT 17:35 2017 Wednesday ,27 December

Egyptian MP underlines Egypt’s ability

GMT 15:43 2011 Sunday ,15 May

US bid to save Louisiana cities

GMT 12:06 2012 Friday ,04 May

Is there a solution for Sudan?

GMT 07:43 2014 Tuesday ,12 August

Where is Assad on Gaza

GMT 07:44 2017 Tuesday ,07 February

Holding local elections requires dialogue

GMT 10:23 2016 Saturday ,16 January

Jazz parades and glittery parties

GMT 14:45 2017 Thursday ,07 September

NATO on guard ahead of major Russian war games

GMT 23:59 2011 Wednesday ,09 March

Exxon Scores Key Victory In Alaska

GMT 12:13 2011 Friday ,16 December

Beckham Style Icon for Over 50

GMT 13:53 2011 Tuesday ,28 June

De Gea confirms Manchester United offer

GMT 23:07 2012 Tuesday ,31 January

The Kardashian Sisters Topless

GMT 08:21 2011 Wednesday ,28 December

Modern rocking chair

GMT 00:52 2011 Friday ,25 November

Graffiti as art in order-conscious Singapore
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
 
 Themuslimchronicle Facebook,themuslimchronicle facebook  Themuslimchronicle Twitter,themuslimchronicle twitter Themuslimchronicle Rss,themuslimchronicle rss  Themuslimchronicle Youtube,themuslimchronicle youtube  Themuslimchronicle Youtube,themuslimchronicle youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

muslimchronicle muslimchronicle muslimchronicle muslimchronicle
themuslimchronicle themuslimchronicle themuslimchronicle
themuslimchronicle
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
themuslimchronicle, themuslimchronicle, themuslimchronicle