Threat of inflation remains, says King (FT)**
The paper notes that BoE's King warned that inflation poses a serious threat to the U.K., despite weak housing market data yesterday.
Many U.K. newspapers this morning are putting a lot of attention on the housing market following yesterday's weak data and commentary:
-BoE's King: stark picture for U.K. economy (Telegraph)
-Homebuyers locked out as mortgages dry up (FT) - citing yesterday's 12% fall in home loan approvals
-Credit crisis to worsen, fears on inflation and growth, companies warn of consumer woes (Independent)
IDS U.K. September-November pay deals rise 3.5% vs. 3.2% in August-October period (MNI)
The 3.5% level was the level that they were at for most of 2007.
iBoxx Sterling Index extends by a large 0.1 years into December (MNI)
The paper notes that BoE's King warned that inflation poses a serious threat to the U.K., despite weak housing market data yesterday.
Many U.K. newspapers this morning are putting a lot of attention on the housing market following yesterday's weak data and commentary:
-BoE's King: stark picture for U.K. economy (Telegraph)
-Homebuyers locked out as mortgages dry up (FT) - citing yesterday's 12% fall in home loan approvals
-Credit crisis to worsen, fears on inflation and growth, companies warn of consumer woes (Independent)
IDS U.K. September-November pay deals rise 3.5% vs. 3.2% in August-October period (MNI)
The 3.5% level was the level that they were at for most of 2007.
iBoxx Sterling Index extends by a large 0.1 years into December (MNI)