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UK OPENING NEWS INCLUDING: Bank to pump extra GBP 50bln into UK economy

6th Feb 2012, 8:14 am
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Bank to pump extra GBP 50bln into UK economy. (Sunday Times)

Analysts said recent evidence of stronger growth, in purchasing managers’ indexes (PMIs) for the manufacturing and service sectors, was unlikely to deter the Bank of England from adding to the GBP 75bln of asset purchases it announced last October. 

Three members of the shadow MPC, which meets under the auspices of the Institute of Economic Affairs, favour more asset purchases in the short term. Most think the Bank should wait or not undertake further easing. The shadow MPC is unanimous on leaving interest rates unchanged. (Sunday Times)

Jobs in the north of England are being lost at four times the rate in the rest of the country, deepening the economic divide and prompting new calls for devolution of powers to an elected assembly for the north. (Observer)

UK PM Cameron is likely to face a backlash from business leaders today who are dismayed about the Government’s perceived ‘anti-business’ agenda. (Telegraph) Today Cameron will meet the members of his business advisory group, who are likely to raise concerns that the Government is damaging the business environment through adopting populist measures. 

Senior Tories in both the Commons and the Lords have said that they will seek to block any move by UK Chancellor George Osborne to bolster the UK’s contribution to the IMF to help the debt-ravaged European economies. (Sunday Telegraph)

UK Lloyds Employment Confidence (Jan) M/M -73 (Prev. -75). (Sources)

 

 

 

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