Yesterday the news broke that inflation had gone higher than estimates had suggested it would, and today the papers are full of it. The Guardian says it will make a further interest rate cut unlikely, The Independent goes as far as to query the wisdom of the cut a fortnight ago, the Daily Telegraph presents the news as a petrol price rise driving inflation up with it and The Financial Times leads on the oil issue but adds a lack of High Street bargains as a factor.
Other news is happening too. Business travellers will be getting jittery as The Guardian reports that talks between BA and Gate Gourmet have broken down; the same paper notes that Britain's final salary pension schemes may not be up to scratch. The Times has more on businesses wanting to cash in on the Olympics in 2012 and The Independent carries an account of the first criminal conviction for market abuse over a misleafing Stock Market statement.
Over the last couple of weeks I've noted the UK's reluctance to adopt the WEEE directive on disposing of electrical items and the fact that we might end up in court as a result. It now seems the UK is part of a general European backlash against green rules, says the Daily Telegraph, as the combined proposals will cost industry heavily.
And just to annoy London-based businesses, a report in yesterday's Evening Standard says that rentals in the West End are the most expensive in the country. Actually you could probably have guessed that one...
