New Bank of England boss hints he will tear up rule book to get the economy movingCanadian Mark Carney suggests inflation target could be ditched to focus on unemploymentGood news for mortgage holders as new Bank governor hints at low rates for years to comeHe will replace Sir Mervyn King in June next year | UPDATED: 13:48 GMT, 12 December 2012 Mark Carney, the new Bank of England governor, said it might be necessary to abandon the inflation target to prioritise growth The Canadian who will take over the Bank of England has suggested he will be more aggressive in trying to get the British economy moving. Mark Carney hinted that he thought boosting growth is more important than keeping inflation under control.
Welcome to Zombie Britain Flatlining economy leads to paralysis in jobs market, housing and youths leaving home | UPDATED: 22:32 GMT, 7 December 2012 The number of workers in jobs for less than one year is at its lowest point since figures began in 1985 The flatlining economy may be in a worst state than it looks, according to a new method of assessing the nation’s fortunes. Jobless figures, house prices and government debt do not show the whole picture, say creators of the so-called zombie index. What matters instead are such issues as how often people change job, leave the shelter of their family home or move up the property ladder