Some economists believe the Bank of England missed an opportunity today to invigorate Britain's economy by not increasing the money supply through quantitative easing.
The consensus expectation was that QE [quantitative easing] will be expanded in November. Ours was - why wait? We expect next week's Inflation Report to show a slashing in the Bank's projections, with a GDP growth projection for 2012 close to zero... We suspect that the committee was loathe to respond to an early estimate of GDP that was heavily affected by the weather and a lost working day.
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Arthur Hutchinson claims the whole life term amounts to inhumane and degrading treatment, as he has no hope of release.
After a frosty start, southeastern areas will be dry with increasing amounts of sunshine developing. It will remain cold throughout the day.
Higher food and petrol prices are expected to send inflation to its highest level in 28 months when official figures are released later.