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King warns on turbulent world financial markets

The governor of the Bank of England Mervyn King says there has been turbulence in world financial markets and mixed signals about the economy in the UK.

This statement follows last weeks decision by the Monetary Policy Committee to maintain the base rate a 5.25% and increase inflation by 1% to 2.8%.

King says: The sharp falls in asset prices and the widening of risk premia that were evident during late February have at least partially unwound.

The FTSE All-Share index, which fell by around 5% has all but regained its level prior to the onset of the turbulence.

The main exception is the sub-prime mortgage market in the United States where the increase in spreads, which reflected higher default relate, has persisted.


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Johnson Fleming set to hold auto-enrolment support webinar

Two years since the process of auto-enrolment began, the looming re-enrolment deadline provides the perfect opportunity to assess whether the support you have in place, which may well have been hastily selected at the start, is fit for purpose. Johnson Fleming is holding a webinar on 10 September at 11:00 to discover the key issues and concerns you should consider when thinking about your current support options.


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