Blanchflower on developments in UK labour market

In the speech 'Recent developments in the UK labour market' given on 26 February David Blanchflower of the Bank of England said inflation in the UK is likely to fall back towards target by the middle of 2007 and well below it by the end of the year.

Blanchflower, who is the only rate-setter on the Monetary Policy Committee to have voted against all three quarter point interest rate hikes since last August, told an audience at the University of Stirling that base effects and the recently announced

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