Andrew Bailey appeals to businesses to avoid price rises because higher inflation ‘hurts least well-off in society’
Stock markets are in the red again, with the FTSE 100 index down 67 points, or 0.9%, at 7,431.
Germany’s Dax has lost 133 points, or 0.9%, to 15,076 while France’s CAC fell 65 points, or 0.9% to 7,072 and Italy’s FTSE MiB has tumbled 309 points to 26,173, a 1.2% drop.
The prospects for the economy in terms of growth are now better, considerably better, and it is reasonable to say that there’s a pretty strong likelihood that we will avoid a recession this year.
But we’ve still got to put in place the conditions for much stronger growth in the economy and sustainable growth in the economy.
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