Carney ties rate rise to recovery of UK businesses

Britain must see a business recovery before interest rates can begin to rise, according to Mark Carney, the Governor of the Bank of England.

Carney (pictured) said the country has enjoyed a "consumer-led recovery" but  businesses must begin investing at a much greater rate for him to be convinced the time is right to raise rates, the Telegraph reports. "The key to this recovery sustaining itself is going to be around business investment," said Carney in an interview on the BBC's Andrew Marr Show. He added: "It is part of the reason we are trying to provide as much clarity to business; that the path of monetary policy, the path of interest rates is going to be calibrated very carefully to ensure that, only when we see susta...