UK's Brown signals rate rise support

U.K. Chancellor of the Exchequer Gordon Brown said on Wednesday 19 May that he is concerned that rising wages and higher oil prices may lift inflation, and he signalled support for the Bank of England's decision to raise interest rates.

Speaking to the House of Lords economic affairs committee in London, Brown said the bank should not tolerate threats to its target to keep inflation to 2 percent a year. He also said he'd press oil producing nations to pump more oil.

``We are and will continue

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