Good 'ole Grauniad, ever the optimist.
Bank of England set to brush off calls to pump more funds into economy
The Bank of England will resist calls this week to pump extra funds into the economy despite concerns that a recent decline in manufacturing production and the weak construction sector could force the UK into a triple dip-recession. Policymakers at the central bank will debate how to generate growth after more than three years of falling living standards. With inflation consistently outstripping wages and a raft of cuts to benefits due in 2013, household incomes are likely to worsen, according to economists. The bank's monetary policy committee (MPC) is likely to keep its powder dry after the economy briefly sprang ... (full story)