Welcome to the new version of European Tribune. It's just a new layout, so everything should work as before - please report bugs here.
Display:
Bank's Tucker says recovery not on sure footing - report | Reuters

(Reuters) - The Bank of England's deputy governor Paul Tucker said the economy in Britain and globally was yet to find a "sure footing," a newspaper reported.

In an interview in the Daily Mail on Thursday, he also said that while activity has slowed "the labour market hasn't softened particularly."

"The macro-economy globally, regionally (the euro zone), even domestically isn't on a sure footing as yet," he was quoted as saying.

"The commercial property market in many parts of the world is still a source of risk."

Unemployment in Britain is running at 7.7 percent, and the number of Britons claiming jobless benefits rose for a second month in September.

The Bank of England is having to weigh up whether to pump more money into a sluggish economy or raise rates to counter inflation which remains stubbornly above target.

by In Wales (inwales aaat eurotrib.com) on Thu Oct 14th, 2010 at 12:00:06 PM EST
[ Parent ]

Others have rated this comment as follows:

Display:

Top Diaries

The 2nd Migrant Wave to Germany

by DoDo - Sep 3
85 comments

The UK Left and Brexit

by car05 - Aug 27
10 comments

Brutish, Nasty, Prolonged

by john_evans - Aug 18
26 comments

Periphery, migration & decline

by Metatone - Aug 14
24 comments

It's "Whose Economy, Stupid?"

by Helen - Aug 3
38 comments

Recent Diaries

Occasional Series