The new Bank of England inflation report is out.
Guardian headline: "Bank of England governor dampens hopes of swift UK recovery"
Times headline: "Bank of England talks up hopes of strong recovery"
(The Times seems nearer the mark; the report increases the GDP and inflation forecasts. I think the Guardian made the mistake of listening to Mervyn King's spin rather than actually reading the report.)
Guardian headline: "Bank of England governor dampens hopes of swift UK recovery"
Times headline: "Bank of England talks up hopes of strong recovery"
(The Times seems nearer the mark; the report increases the GDP and inflation forecasts. I think the Guardian made the mistake of listening to Mervyn King's spin rather than actually reading the report.)
(no subject)
Date: 2009-11-11 01:50 pm (UTC)Seems a tad unreasonable to refer to the governor's interpretation of the figures as "spin" - he just seems to be trying to stop people getting all excitable by taking the figures out of context.
(no subject)
Date: 2009-11-11 02:14 pm (UTC)(no subject)
Date: 2009-11-11 02:17 pm (UTC)(no subject)
Date: 2009-11-11 02:22 pm (UTC)