The Bank of England's problem
The Bank of England is charged with keeping inflation 1% either side of 2%. Obviously, we'd all like as much growth as we can have, and as little unemployment as is consistent with that, but it's still that single target.
If we look at the usual and base measures, growth, unemployment, inflation, they're sending slightly mixed messages.
Inflation is below target but not massively so. Growth is pretty slow but given that on the continent is actually looking pretty good. Unemployment is at generational lows, real wages are rising. This