Andrew Smith, chief economist at the Big Four firm, said that with the Bank of England’s monetary policy committee having raised rates for the last two months, it is likely to stay its hand in July, but the upward trend will almost certainly resume with the next forecasting round and inflation report due in August.
‘A rate rise this month is unlikely,’ said Smith. ‘The MPC has already upped the tempo of monetary tightening, from a quarter-point to a half-point in the last two months, and a third consecutive rise might be regarded as over-egging the pudding, particularly since the markets expect a pause.’
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements