Bank of England caught in inflation-recession squeeze - Telegraph.co.uk
 Times Online | Bank of England caught in inflation-recession squeeze Telegraph.co.uk Inflation has been buoyed by the weak pound, higher oil prices and a rise in the VAT rate. House prices, the old bastion, are also up. ... UK inflation hits 14-month high as VAT increases Inflation soars to 3.5% Ldn FX: Cable Off Early Highs, Gets Slight Lift On CPI |