Mark Carney: enjoy low prices while you can
Families should take advantage of the current period of falling petrol and food prices "while it lasts", the Governor of the Bank of England has said, as he urged employers to ignore temporary low inflation and raise pay.
British households are on course to enjoy the biggest increase in their take-home pay in more than a decade, the Bank's latest evaluation of the economy showed on Thursday, with real post-tax income expected to rise by 3.5pc this year.
This is more than double its estimate of 1.25pc just three months ago and would represent the biggest increase since 2001. The Bank also signalled that it was on course to raise interest rates next year, as it raised its growth projections and lowered unemployment forecasts.
In an interview with the Telegraph, Mark C...
