Inflation: City AM editor Allister Heath on CPI figures

Name: Inflation: City AM editor Allister Heath on CPI figures
Uploaded: 2011-06-14T11:39:21.000Z
Description: City AM editor Allister Heath claimed the UK has 'gone soft on inflation' as he discussed the Consumer Prices Index staying at 4.5% in May, well ahead of the Bank of England's target rate of 2%.

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City AM editor Allister Heath claimed the UK has 'gone soft on inflation' as he discussed the Consumer Prices Index staying at 4.5% in May, well ahead of the Bank of England's target rate of 2%.

He claimed there was "no reaction from the authorities" in Britain and it was a mistake to concentrate efforts on growth.

Cross bencher Lord Adebowale claimed the inflation burden was being felt by the poorest.