Bank of England raises growth forecast

Mervyn King told the Bank of England's quarterly inflation report press conference on Wednesday 12 November that "There is a risk that heavily-indebted households will be badly affected by changes in economic circumstances or interest rates." The report raised the growth forecast for the UK but warned that "Everyone needs to think carefully about the amount of debt which they can afford."

Source: Reuters

The Bank of England has raised its forecasts for both economic growth and inflation after

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