Choppy Recovery Warning
Published / Last Updated on 25/01/2011
Choppy Recovery Warning.
Despite the 0.5 per cent slow down in UK growth, a rise in interest rates has been ruled out according to Mervyn King, Governor of the Bank of England.
He believes the cuts by the coalition government were needed in order to bring the deficit under control.
Make no mistake, this is Government and Bank of England spin to allow them to pump more money into the economy or keep interest rates low so that inflation can take hold to devalue government debt.
Our advice is to invest in assets that will keep pace with inflation.
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