Bank of England: Inflation threat from fuel bills

Inflation is expected to hit 5% later this year due to higher utility bills, the governor of the Bank of England, Mervyn King, has warned.

Publishing the Bank's latest Inflation Report, he said there remained strong downward pressures on economic growth and upward pressures on inflation.

Hugh Pym looks at how families and businesses are bracing themselves for the tough economic forecast.

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