All governments mess up and with an EU referendum looming and a new financial crisis lurking Labour must be ready to seize its chanceThe election is over and it is back to business as usual. This week the Bank of England will announce its delayed decision on interest rates, while Greece is growing increasingly desperate for cash.Britain’s new majority Conservative government would probably not be all that unhappy to see the Bank start to raise interest rates fairly soon, if only as insurance against the possibility of inflationary pressure that might require tougher action later in the parliament, when dearer borrowing costs become more politically sensitive. Continue reading...
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