Bank of England: "Strength of recovery is highly uncertain"

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The Bank of England is treading carefully with its printing money policy

Mervyn King, the governor of the Bank of England, has said it is far too early to rule out more quantitative easing as he released its Inflation Report. The report says inflation will climb to around 3.5% in the next few months, partly as a result of the change in VAT, before going below the 2% target. In December the inflation rate was 2.9%.

The Bank said that: "The strength of recovery is highly uncertain."

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Broking profits fall at Saga

Underlying profit before tax in Saga’s insurance broking arm fell to £39.8m for the year ended 31 January 2024, compared with £71.5m in the previous period.

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