Inflation

Ronald Reagan claimed inflation was as "violent as a mugger, as frightening as an armed robber and as deadly as a hitman."

May's UK inflation reading remained unchanged from April, official figures have shown, giving Bank of England governor Sir Mervyn King some respite.

STOCKHOLM SYNDROME

Eurozone inflation fell to a lower-than-expected 2.7% in May.

A PYRRHIC VICTORY FOR THE ECB

ON UK GROWTH

Dale Spencer, chief economist at the Bank of England, said interest rates in the UK should rise even though the economic recovery has failed to take hold, according to the Financial Times.

ASIAN INCOME

WHY EQUITIES ARE NOT A GOOD HEDGE

The Bank of England is right to hold interest rates at record lows of 0.5% as governor Mervyn King takes a long-term view, according to George Osborne.