editorial cartoons

The Monetary Policy Committee (MPC) of the Bank Of England attempts to put out the rampaging fire of house price rises by raising the base rate by a quarter of a percentage point to 4.75%. The rate rise will also be seen as an attempt to rein in soaring consumer debt. The Bank has now pushed through five quarter-point rises in eight months. Meanwhile, water companies announce huge price rises over the next year, adding to the monthly household bill.

The Times; Friday 06/08/04
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