Growing Pains for Treasury

Summary


THERE are lies, damned lies and, for Chancellor Alistair Darling and Bank of England Governor Mervyn King, there are statistics.

King thinks the economy grew at 3.5 per cent in the 12 months to the end of June a figure likely to trigger sharp rises in interest rates while Darling believes the real figure is three per cent.

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Extract


Growing Pains for Treasury

At the heart of the confusion is a long-running rivalry between the Bank,...

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