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1.75 per cent inflation expected in 2004

Britain should expect 1.75 per cent inflation over the next year the Chancellor has informed Parliament in today&#39s Budget announcement.

Gordon Brown has said inflation in 2004 is expected to hold this year and raise to around 2 per cent during 2005 and 2006.

Brown said: “There can be no wavering of fiscal policy. Fiscal policy is and should be at the heart of long term economic stability.”


Dead cert

A literary birdy has drawn the Diary&#39s attention to Tom Stoppard&#39s play, Rosencrantz and Guildenstern are Dead. It seems that the part of Polonius was originally played in the play&#39s premiere at the Edinburgh Fringe in 1966 by a thespian named Walter Merricks, curiously sharing his name with the FOS chief ombudsman. The Diary has […]

Pensions cap concession not enough – Mellon

Despite the Chancellor&#39s move to appease the industry by raising the pensions cap from £1.4m to £1.5m financial services provider Mellon Financial Corporation&#39s human resources & investor solutions group believes the cap will still have a detrimental effect on middle management. Mellon HR& IS head of technical services Kevin LeGrand believes that Brown&#39s move to […]

Penrose adamant he is not keeper of the &#39gates&#39

Lord Penrose stuck to his guns in front of the Treasury select committee this week, refusing to be drawn on whether the Government should compensate Equitable Life policyholders. Penrose said there were two “gates” that needed to be passed through first in situations of laying blame, namely a definition of the duty to address the […]


“Definitely. It boils down to the fact that the Government and regulation are the main reasons this industry is in turmoil.” Paul Rogan,Paul Rogan Financial Planning“No, because there has to be some sort of responsibility taken by Equitable Life policyholders. They were prepared to buy the contracts so they should take the consequences. There is […]

US equities: opportunities for short sellers expand

Optimism is as American as baseball and apple pie. And since the financial crisis, being optimistic about US equities has paid off: they have outperformed every other major developed market by a comfortable margin. Yet while there remain plenty of good reasons to be optimistic about US equities, Stephen Moore, manager of the Artemis US […]


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