Benchmark UK inflation is now forecast to climb to nearly 4% later this year by the Bank of England, and Governor Mervyn King yesterday admitted "an odd quarter or two" of economic contraction was "quite possible".
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Inflation to surge toward 4% and growth to fall to 1%, Bank fears
Benchmark UK inflation is now forecast to climb to nearly 4% later this year by the Bank of England, and Governor Mervyn King yesterday admitted "an odd quarter or two" of economic contraction was "quite possible".
