miércoles, 8 de noviembre de 2006

El camino Chino.

Dos "keys" de la economia British:
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Inflation:
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The need for further tightening was set out in the bank's quarterly Inflation Report, published shortly after the August rate increase. It takes about two years for changes in monetary policy to exert their full effect on inflation. The forecast showed that keeping the base rate at 4.75% would not be enough to get the annual rate of consumer-price inflation back to the government's 2% target by mid-2008.
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Labour:
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Most strikingly, Britain's increasing openness to migrant workers is allowing firms to escape the limits of local labour.
Just how big an impact higher immigration is having on potential output goes to the heart of the rate-setters' dilemma. On the face of it, there has been a spectacular expansion in the workforce since 2004. Around half a million migrants from eastern Europe have started working in Britain over the past two years. Thanks also to the return of older people to work, the labour force has been growing at its fastest rate for more than 20 years.

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